Kannur International Airport

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1. Project Objective:

Based on the demand of North Malabar region community, Government of Kerala conceived the
development Kannur International Airport project as the 4th International Airport for development and
growth of economy of North Malabar Region.

2. DPR: DPR of the project has been prepared by M/S Crisilthe Financial Consultant

3. Total Cost: Rs.1892 crore.

4. Means of Finance: The funds are met by Equity Rs 1000 Crores and Debt of Rs 892 Crores. Currently
out of 1000 crores equity 900 Crores have been already subscribed, The Debt requirement has already been
tied with Consortium of Banks. (Canara Bank Rs 692 Corers, South Indian Bank 125 Crores and Federal
bank 75 Crores) .

5. IRR: The project IRR is 14% and Equity IRR is 15.5%.

6. Details of Land Acquisition: An area of 2133 acres of land are to be acquired for development of the
Greenfield Airport at Kannur for both Phase I and II requirements. Under Phase I, the total land required for
the Project is 2061 acres. Out of 2061 acres, 1289 acres of land is under possession of Kannur International
Airport for the development of the Project. Another 612 acres of land, has already been acquired by M/s
KINFRA. The balance land measuring 232 Acres (Phase I and Phase II put together) is currently under
various stages of acquisition process by KINFRA.

7. Details of Clearances Obtained: Some clearances have already been obtained and some are yet to be
obtained

8. Present Status: 66% of airside works and 50% of city side works have been completed.
 KOCHI METRO
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(1) Project Objective : KMRL is formed with the objective of building a world class, state-of-the-art Metro
rail system for the city of Kochi that will not only facilitate rapid and easy passenger movement, but also will
act as a catalyst for the urban renewal of the city of Kochi and its balanced development. In the initial phase
we plan to develop the Alwaye-Petta corridor of 25.61 Km, consisting of 22 stations. The Phase-IA
extension works from Petta to S. N. Junction (Trippunithura - 2km) at an estimated cost of Rs. 359 crore will
be started soon. Another extension of 11 Km from JLN Stadium Kaloor to Infopark-Kakkanad is under
consideration of the Union Government. Estimated cost of this phase is Rs 2024 crore.

(2). Whether DPR prepared? Yes

(3). Total Cost? Rs. 5181.79 crore (Phase 1)
(4). Means of Finance (Phase 1):

Particulars Percentage Amount in RS/Crore

Equity by GOI & GOK (50:50) 30.48% 1507.46
Subordinate Debt (S.D) for land cost by GOK
13.59% 672
(Interest Free)
Additional Subordinate Debt for Central taxes by
10.04% 497
GOI (50%) & GOK (50%) (Interest Free)
Property Development 1.98% 98
Sub Total 56.09% 2774.46

Long term Loan 43.88% 2170

Total cost 100.00% 4944.46

Add: State taxes borne by GOK 237.33
Grand Total cost including State taxes 5181.79

(5). IRR - 3%
(6). Details of Land Acquisition:
Total land required for the project : 40.409 Ha
Land acquired so far (overall) : 94.2%
(7). Details of Clearances Obtained: All the clearances required for the Project are in place

(8). Present Status of the Project:

The project is targeted for completion in June 2017. First reach is expected to be completed in June 2016.
The progress of the work is as follows. All the major System tenders are awarded and works are in progress.
Manufacturing clearance issued for Rolling Stock. The first set of train is expected to arrive by December
2015.

The financial closure for the project is done with the signing of loan agreements with the Agence Francaise
de Developpement (AFD) and Canara Bank for domestic loan. KMRL started drawing the loan from both the
agencies in the financial year 2014-15. Till date the Govt. of India has contributed Rs. 558.85 crore as equity
so far and the Govt. of Kerala has contributed Rs. 641.50 crore as equity. The financial progress so far is
around 44% of the approved project cost. The statement showing cumulative expenditure upto 30.10.2015 is
attached herewith.
 Light Metro Rail Projects at Thiruvananthapuram and Kozhikode
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1. Project Objective: Government of Kerala decided to introduce Mass Rapid Transit Systems
(MRTS) in the cities of Thiruvananthapuram and Kozhikode, with the aim to ease the traffic
congestion in the existing city roads and to provide an efficient public transport system for the
residents of these cities.

2. DPR: The Detailed Project Report (DPR) for the Light Metro Rail project was prepared and
submitted by Delhi Metro Rail Corporation (DMRC) in October, 2014.

3. Total Cost: As per the DPR, the estimated completion cost of the project is Rs. 4219 crores for
Thiruvananthapuram and Rs. 2509 crore for Kozhikode, totalling to Rs. 6728 crores.

4. Means of Finance: It is proposed to implement these projects as a joint venture of Government of

India (GoI) and Government of Kerala (GoK). The DPR proposes a funding pattern comprising of
20% of the completion cost as equity by GoK, 20% as equity by GoI and the remaining 60% through
external or domestic borrowings.

5. IRR: The Financial Internal Rate of Return (FIRR) for Thiruvananthapuram Light Metro project is
2.07% without property development and 8.09% with property development. The Financial Internal
Rate of Return (FIRR) for Kozhikode Light Metro project is 2.74% without property development
and 8.02% with property development.

6. Details of Land Land Acquisition: The land requirement for the project is as below:
Govt. Land
Private Land Railway Land Total
(in
(in Hectare) (in Hectare) (in Hectare)
Hectare)
TVM 8.92Ha 3.04Ha - 11.96Ha
KKD 8.554Ha 1.582Ha 0.518Ha 10.654Ha

7. Details of Clearances Obtained: The Secretary, Public Works Department, GoK has forwarded the
approved Detailed Project Reports to the Secretary, Ministry of Urban Development (MoUD), GoI
vide D/O letter No.10706/H1/2013/PWD dated 11.09.2015, with a request for in-principle approval
and for confirmation of GoI’s participation and equity.
The Comprehensive Mobility Plans (CMPs) for the cities of Thiruvananthapuram and Kozhikode,
prepared by NATPAC, have been submitted at the Ministry of Urban Development.

8. Present Status: The Government of Kerala has set up a Special Purpose Vehicle (SPV) namely
Kerala Rapid Transit Corporation Limited (KRTL), for implementation of the Light Metro Rail
Projects at Thiruvananthapuram with Corporate office at Thiruvananthapuram and regional office at
Kozhikode.

It is expected that ‘in-principle’ approval of the Government of India for taking up the Light Metro
Rail projects will be accorded shortly.
Rapid Rail Transit System (RRTS) – {Suburban Rail Project} Thiruvananthapuram
to Chengannur

1) Project Objective
The study is being undertaken with the following objectives:
(i) Optimum utilization of existing Broad Gauge- Double line railway section between
“Thiruvananthapuram and Chengannur”
(ii) Feasibility of introducing Rapid Rail Transit/EMU/MEMU type
2) Whether DPR prepared?
Yes, the DPR is prepared and submitted to Ministry of Railways and Railway
Board for approval and sanction of the project.
3) Total Cost
Total Cost of the project is Rs. 3063.97 Crores
4) Means of Finance
This is proposed as a Joint Venture scheme between Government of
Kerala and Railways.
The council of Ministers (State Cabinet), Government of Kerala had given nod for
signing the MoU between Government of Kerala and Indian Railways for the implementation of
Railway Projects in kerala on a Joint Venture basis.
5) IRR
The Project FIRR IS 2.63 and the Project EIRR is 12.84.
6) Whether Land Acquisition is required? If so, details of the quantum of land
required.
Minimum land acquisition is required for the closure of Level
Crossing (LC) .
Area of land required is 69.82 acres.
7) Whether the required clearances from concerned ministries/agencies have been
obtained?
Awaiting clearance from the concerned Ministries and Agencies.
8) Implementation Readiness / Present status of the project
The project is ready to implement as soon as the clearance from
Railways and subsequent signing of MoU for a Joint Venture with Govenment of Kerala and
Railways.
 SUSTAINABLE AND PLANNED EFFORT TO ENSURE
INFRASTRUCTURE DEVELOPMENT (SPEEID)
KERALA PROJECT

1. Project Objective: In February 2014, Government approved the proposal of 10 new infrastructure
projects under Sustainable and Planned Effort to Ensure Infrastructure Development (SPEEID) Programme.
These projects include the construction of flyovers on national highways at Kochi, Kollam, Alappuzha,
Kozhikkode and Malappuram and the construction of Ramapuram-Nalambalam and Kanjikuzhi-
vettathukavala-Karukachal roads and four-lining of the national highway between Chakkaraprambu and
Infoport Junction on the airport-seaport road in Ernakulam.

2. Total Cost: Nearly 1500 crore

 Vizhinjam International Seaport Limited
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1. Project Objective:
Owing to its natural advantages resulting out of closeness to International shipping routes,
and deep draught, Vizhinjam port has potential to become a world class transhipment hub
primarily for Indian Sub Continent cargo (ISC) servicing entire India. Though gateway traffic
will be limited in the initial years of operation, the same will grow up in future with the port
induced development of hinterland and expansion of hinterland. The Project is structured in
accordance with Viability Gap Funding (VGF) Scheme and Guidelines for Financial Support
to Public Private Partnerships in Infrastructure. VGF scheme allows a grant of up to 40% of
capital cost. Under the current model, the project will be developed in PPP mode on design,
build, finance, operate and transfer (“DBFOT”) basis.

2. DPR:
Feasibility Report including financial viability of the project, prepared by Financial
Consultant M/s Ernst & Young. Detailed Project Report and Integrated Master Plan Prepared
by Technical Consultant M/S AECOM.

3. Total Cost: 7525.00 crore

4. Means of Finance

Total Project Cost and Means of Finance

Sl. Description Amount in Rs. Means of Finance
No. Crore
1. PPP Component 4089.00 Financing by Private Partner
Of this Concessionaire quoted grant
of Rs. 1635 crore, 20% of PPP
Component (Rs.817.8 crore) will be
provided by GoI as Equity Support
under VGF Scheme, 10% of PPP
Component (Rs.408.9 crore) will be
provided by GoK as Equity Support
and balance (Rs. 408.3 crore) will be
provided by GoK as O&M support.
2. Funded Work 1463.00 Funding by GoK
(Breakwater and Fishing
Harbour)
3. Land, R&R & External 1973.00 Funding by GoK. An amount of Rs.
Infrastructure including 640 crore has already been expended
Rail Connectivity by GoK towards this.
Total Cost 7525.00

Fund Requirement of GoK

Sl. Description Amount in Rs. Remarks
No. Crore
1 Land, R&R & External 1973.00 Rs.640 crore has already been
Infrastructure including expended
Rail Connectivity
2 Funded Work 1463.00
(Breakwater and Fishing
Harbour)
3 VGF Equity Support 408.90
4 VGF O&M Support 408.30
Total Fund Requirement 4253.20 Rs.640 Crore has already been
 expended.

5. IRR: With assistance under Viability Gap Funding (VGF) Scheme, the project will
generate an Equity IRR of 15 %.

6. Details of Land Acquistion:

Description Area (In Remarks
Hectares)
Port 92 hectares 90 % of land acquired. Balance in
progress
Rail Connectivity 34 hectares Land to be acquired
Proposed Sea Food Park 2 hectares Land to be acquired
Total 128 hectares

7. Details of Clearances Obtained:

GoI accorded Environmental and CRZ Clearance to this project.

8. Present Status of the Project:

• M/s Adani Vizhinjam Port Private Limited (AVPPL) was chosen as Concessionaire
following a two stage bidding process. The Concessionaire will be responsible for
development, operation and maintenance of Vizhinjam Port on design, built, finance,
operate and transfer (DBFOT) basis. GoK has entered into a Concession Agreement with
M/s AVPPL on 17th August 2015. Inauguration of Construction works scheduled to be
held on 5th December 2015.
• 90 % of land required for Port development is acquired.
• External infrastructure
a. Completed Water Supply Scheme for the Project and local area.
b. Power Supply: Advanced stage of completion.
c. Rail Connectivity : Draft Detailed Project Report prepared
 Vyttila Mobility Hub: Second Phase
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1. Project Objective:

Integration of various modes of transportation, such as Road, Metro Rail and Water transport, to decongest Kochi
city from traffic snarls and to provide a cleaner and convenient public conveyance system.

2. Whether DPR prepared: Yes.

3. Total Cost : Rs. 433.34 Crores

4. Means of Finance: DBFOT mode of PPP model or institutional finance ( Bankers consortium and HUDCO had agreed to
finance the project, subject to availability of budgetary support as share of Vyttila Mobility Hub Society)

5. IRR : 14.13% (20 years), 13.18% (17 years) or 12.75% (16 years)

6. Whether land acquisition is required? If so, details of the quantum of land required:

Acquisition of land completed.

7. Whether the required clearances from concerned ministries/agencies have been obtained?

Environmental Clearance obtained from State Environment Impact Assessment Authority, Kerala

8. Implementation readiness/present status of the project:

Project is being re-worked, as directed by State Planning Board and as decided in the Executive Committee
meeting held on 12.08.2015, by co-ordinating with various agencies to understand changing priorities of other related
infrastructure investments and to leverage the experience of other stakeholders in city planning and by creating longer-
term development plans for the optimal use of this prime land as valuable public space.