communication & works department government of...

LAHORE RING ROAD PROJECT

COMMUNICATION & WORKS DEPARTMENT COMMUNICATION & WORKS DEPARTMENT COMMUNICATION & WORKS DEPARTMENT COMMUNICATION & WORKS DEPARTMENT

GOVERNMENT OF THE PUNJABGOVERNMENT OF THE PUNJABGOVERNMENT OF THE PUNJABGOVERNMENT OF THE PUNJAB

PROJECT MANAGEMENT UNIT

LAHORE RING ROAD

1

February 22, 2011

NATIONAL ENGINEERING SERVICES PAKISTAN (PVT) LIMITE D

SOUTHERN LOOP

LAHORE

AFGHANISTAN

CHINA

P U N J A B

JAMMU & KASHMIR

(DISPUTED TERRITORY)

GILGIT

BALTISTAN

PAKISTAN

BHAKKARFAISALABAD

SARGODHA

MIANWALI

CHAKWAL

ATTOCK CITY

JHANG

GUJRAT

JHELUM

RAWALPINDI

LAHORE

IRAN

ARABIAN SEA

INDIA

BALUCHISTAN

SIND

MULTAN

D G KHAN

KASUR

BAHAWALPUR

RAHIMYAR KHAN

PAKPATTAN

P U N J A B

• Punjab, Land of 5 rivers, most populous province of Pakistan.

• Lahore , its capital situated at bank of River Ravi.

GROWTH OF LAHORE

Estimated Population (2010) = 10.0 Million

Municipal Area = 2,300 Sq. Km.

TRANSPORTATIONTRANSPORTATION CENTRAL BUSINESS DISTRICT (2 TO 3Km RADIUS)

80% POPULATION (within 7Km RADIUS)

Predominantly radial with few inter- radials

Total registered vehicles = 2.3 Million(1.16 millions in Last 10 years)

Vehicle travel hours = 1.87 Million / day

Vehicle travel distance = 40 Million Kms / day

33,4

70

Vehicle travel distance = 40 Million Kms / day

Lahore Documentary Lahore Documentary

LAHORE DOCUMENTARY

NORTHERN LOOP LENGTH = 40 Km

LAHORE RING ROAD (APPROVED ALIGNMENT)

SOUTHERN LOOP (PROPOSED)

LENGTH = 50 Km

SL Study

Salient Feature

NORTHERN LOOP (CONSTRUCTED)LENGTH = 30 Km

SOUTHERN LOOP

142,801

NORTHERN LOOP (UNDER-CONSTRUCTION)

LENGTH = 10 Km

CONSTRUCTION AND TRAFFIC STATUS

SOUTHERN LOOP (PROPOSED)

LENGTH = 50 Km

45,880

Present Traffic

Post Project Traffic

SYSTEM OCCUPANCY AFTER COMPLETION: 636,000 Vehicles/day

TYPICAL CROSS SECTION - NORTHERN LOOP

ROW = 58 ~ 90 m

SERVICE ROAD / UTILITY

CORRIDOR6 LANE CARRIAGEWAY

SERVICE ROAD / UTILITY

CORRIDOR

ROW = 120 m

TYPICAL CROSS SECTION - SOUTHERN LOOP

Service Road

6 Lane Carriageway

30m Reserved

for METRO

Service Road

MOCK Presentation MOCK Presentation

MOCK Presentation

TO DATE PROGRESS

� Approved alignment handed over to representatives of Board of Revenue

� Construction of Northern Loop is completed from Niazi Interc hange toLahore Airport costing Rs. 45.32 Billion (Length = 30 Km).

� Remaining 10 Km costing Rs. 27.93 Billion is under-construc tion andscheduled to be completed by June 2011.

Northern Loop

Southern Loop

� Approved alignment handed over to representatives of Board of Revenueand land acquisition process started.

� NESPAK has completed Topographical survey of the entire Loo p.

� Detailed Planning of 30 Km length (SL-1, 2 & 3) completed and R .O.W plansissued to Board of Revenue.

� At-site demarcation of 22 Km length completed.

� Detailed design & preparation of PC-1 yet to be taken in hand.

� E.I.A Study completed.

NORTHERN

LOOP

SOUTHERN LOOP (Length = 58 km)Including Road on River Front from Babu Sabu to Nia zi Interchange

Length = 10 km

LOOP

Length = 48 km

SOUTHERN

LOOP

SectionsLand

AcquisitionConstruction

CostTotal Cost

Southern Loop (SL-1), L= 8.5 Km8.5 Km 5.62 6.00

Southern Loop (SL-2), L=13.0 Km3.0 Km 4.51 8.00

Southern Loop (SL-3), L= 8.0 Km8.0 Km 3.35 5.60


PROJECT COST - SOUTHERN LOOP (Billion Rs.)


Cost of Southern Loop (only) 17.16 29.7 46.86

Realignment of Northern Loop(from Babu Sabu to Niazi Chowk, L=10.0 Km10.0 Km)

1.54 14.10

Cost of Southern Loop + Realignment of Northern Loop (River Front)

18.70 43.80 62.50

* Above Costs are based upon January 2011 rates

PROJECT FUNDING OPTIONS

1. Collection of toll

a) Toll from Southern Loop only.b) Toll from entire Ring Road.

2. Revenue generation by development of Economic Zo nes along Southern Loop (Value Addition)

i. Ribbon Development Onlyii. Ribbon + Cluster Development

3. GoPb to acquire land from its own resources. Cons truction from loan.

4. Entire Funding by arranging Loan from a Chinese ban k (loan to be returned by revenue generation through 1 & 2 above)

PROPOSED TOLL RATES

• NO TOLL FOR TWO (2) & THREE (3) WHEELERS (MOTOR CYCLE / RICKSHAW EXEMPTED)

• TOLL RATES FOR CAR / JEEP

Rs. 10/- per Entry (Light Toll Rate)

Rs. 15/- per Entry (Medium Toll Rate)

Rs. 20/- per Entry (Heavy Toll Rate)

• FLAT TOLL TO BE COLLECTED AT EACH INTERCHANGE ENTRY POINT

• TOLL RATES FOR OTHER VEHICLES

Hiace/wagon 1.25 x Car Toll

Minibus 2.00 x Car Toll

Loader pickup 2.50 x Car Toll

Bus 3.50 x Car Toll

Truck/trailer 4.00 x Car Toll

Rs. 20/- per Entry (Heavy Toll Rate)

INTERCHANGENUMBER OF ENTERING VEHICLES (ADT)

North-Bound South-Bound Total

Northern LoopNiazi 38,474 61,516

Lakhu Dair 57,341 17,502G.T. Road 15,999 34,068

Harbanspura 27,348 26,652Barki Road 23,191 33,088

Package-11 near Bhatta Chowk 22,603 16,815Bedian Road 24,982 18,922Package 17 32,005 38,066

EXPECTED TOLL TRAFFIC (Daily)

Package 17 32,005 38,066

Total 241,943 246,629 488,572Realignment along River Front

Babu Sabu 48,728 -Saggian 6,776 -

New Interchange near Niazi 40,750 -

Total 96,254 - 96,254Southern Loop

Ferozepur Road 22,161 43,272Halloki 8,502 17,172

Raiwind Road 21,421 22,559Multan Road 1,483 8,031

Total 53,567 91,034 144,601

TOLL REVENUE STREAM (Million Rs.)

YearsSouthern Loop Northern Loop

@ Rs. 10/- @ Rs. 15/- @ Rs. 20/- @ Rs. 10/- @ Rs. 15/- @ Rs. 20/-

2011 0 0 0 0 0 0

2012 0 0 0 2,100 3,150 4,201

2013 0 0 0 2,389 3,584 4,778

2014 662 993 1,324 2,718 4,077 5,436

2015 750 1,124 1,499 3,077 4,615 6,153

Revenue has been calculated for 15 years stream

2015 750 1,124 1,499 3,077 4,615 6,153

2016 849 1,273 1,697 3,483 5,225 6,966

2017 961 1,441 1,922 3,944 5,915 7,887

2018 1,088 1,632 2,176 4,465 6,697 8,929

2023 1,994 2,992 3,989 8,186 12,279 16,372

2028 3,600 5,400 7,201 14,777 22,166 29,555

TOTAL 26,687 40,031 53,374 114,028 171,042 228,056

Northern Loop Revenue = 4.25 times Southern Loop Re venue

DEVELOPMENT OF ECONOMIC ZONES

1. Ribbon Development

Increase Ring Road ROW from 120 m to 244 m (800 fee t) to create a linear Economic Zone along Southern Loop w herever undeveloped land is available.

Estimated Area = 7,953 Kanals

2. Cluster Development

Road Way = 120 m

CITY SIDE

TYPICAL CROSS SECTION - SOUTHERN LOOP (WITH RIBBON DEVELOPMENT)

Service Road

30m Reserved

for METRO

124 m Reserved for Ribbon Development

ROW = 244 m (800 ft)

2. Cluster Development

Four (4) number consolidated clusters of land are i dentified at various locations along Southern Loop which can be developed into Industrial area, Grain market, Freight Station , Truck/Bus Stand and Residential Colony.

Estimated Area = 22,790 Kanals

6 Lane Carriageway

for METRO

Service Road

PROPOSED SITES FOR ECONOMIC ZONES

Ribbon Development

Industrial Area at Kahna

Freight Station / Grain Market at

Halloki

Residential Area at Taru Gill

Truck/Bus Stand at Miraka

LAHORE MASTER PLAN FEATURES

Commercial

Bus/Wagon Terminal

Industrial

Institutional

Health

Proposed Educational

Parks

PROPOSED ALONG RING ROAD

RIBBON Development

CLUSTER DEVELOPMENT

Industrial

Residential

Truck/Bus Terminal

Ribbon Development7,953 Kanals

Cluster Development22,790 Kanals

Ribbon Development

Cluster Development

TotalResidential Area

(1 location)

Industrial Areas

(3 locations)

COST

Total land to be acquired (Kanals) 7,953 5,850 16,940 3 0,743

Land Acquisition Cost (Million Rs.) 6,124 4,388 9,539 20,051

Development Cost (Million Rs.) 3,181 1,755 6,776 11,712

COST OF ECONOMIC ZONES & ESTIMATED REVENUE

Development Cost (Million Rs.) 3,181 1,755 6,776 11,712

Cost of Land + Development (Million Rs.) 9,305 6,143 16,315 31,763

Average Land Acquisition Cost = Rs. 0.65 Million pe r Kanal

REVENUE

Sellable Developed Land (Kanals) 5,567 3,510 11,858 20, 935

Estimated Revenue from Developed Land (Million Rs.)

27,836 14,040 29,645 71,521

Average Selling Cost = Rs. 3.5 Million per Kanal

PROJECT FUNDING SCENARIOS

Scenario-1: Road Construction & land acquisition for Southern Loop, (No Economic Zones).

a) Toll from Southern Loop only (62.50 Billion)b) Toll from entire Ring Road (65 .55 Billion)

Scenario-2: Road Construction & land acquisition for Southern Loop including Economic Zones.

a) Toll from Southern Loop only (94.28 Billion)b) Toll from entire Ring Road (97.31 Billion)

Scenario-3: Construction of Southern Loop excludingRealignment of Northern Loop along River Front, fro mBabu Sabu to Niazi Interchange. (No Economic Zones)

a) Toll from Southern Loop only (46.86 Billion)b) Toll from entire Ring Road (49 .91 Billion)

All the above scenarios shall also be analyzed for GoPb funding in the form of Cost of Land.

PARAMETERS FOR THE LOAN

� The Chinese road construction firm will facilitate loan for Government of the Punjabthrough a Chinese bank (Expected Interest Rate = 3.14% on for eign currency).

� The road construction firm will in return be awarded constru ction of Southern Loop (SL)and development works of Economic Zones (Commercial, Indus trial and ResidentialAreas).

� The road construction firm will hand over the project to Gove rnment of the Punjab aftercompleting construction and development works.

� Government of the Punjab shall collect toll (either on South ern Loop or from entire RingRoad).

� Developed land in Economic Zones shall be sold out by Governm ent of the Punjab withinfive years after completion of the development.

� Loan shall be returned by Government of the Punjab in 15 equal installments. Thereforeanalysis of the project has been made for a period of 18 years i ncluding constructionperiod of three (3) years.

� Fluctuation in Pak Rupee vs. foreign currency exchange rate covered by assumingre-lending of the soft loan by Government of Pakistan to Gove rnment of the Punjab at aninterest rate of 13.17%.

� Detailed design of Southern Loop and Economic Zones will be r esponsibility ofGovernment of the Punjab.

� Price escalation at 10% has been included in Revenue and Cost Streams.

Cost ofLand Acquisition18.70 Billion Rs.

Cost of Road Construction

43.80 Billion Rs.

Ring Road

Total Input

87.93 Billion Rs.

PROJECT FINANCIAL ANALYSISScenario 1a: Toll on Southern Loop only, no Economi c Zones

Miscellaneous Costs (Inflation, IDC, Insurance and Loan Arrangement Charges)

25.43 Billion Rs.

Loan = 1.02 Billion US $


GoPb Funding


20.08 Billion Rs.Total Input

82.58 Billion Rs.

Out

putToll Rs./car FIRR Annual Loan Repayment

10 -ve 13.73 Billion Rs. for 15 years

(Foreign currency loan @ 3.14% re-lent by GOP at 13 .17%)

15 -ve20 -ve

Toll from SL only 26.69 Billion Rs. (Toll Rs. 10/car)40.03 Billion Rs. (Toll Rs. 15/car)53.38 Billion Rs. (Toll Rs. 20/car)

9.97 Billion Rs.

LOAN = 87,930 TOLL REVENUE FROM SL = 40,031

PROJECT CASH FLOW STATEMENTScenario 1a: Toll on Southern Loop only, no Economi c Zones

Year 2011 2012 2013 2014 2015 2016 2017 2018 2023 2028 Total

CASH INFLOW

Toll Revenues (Northern Loop) 0 0 0 0 0 0 0 0 0 0 0

Toll Revenues (Southern Loop) 0 0 0 993 1,124 1,273 1,441 1,632 2,992 5,400 40,031

Sale of Economic Zone plots 0 0 0 0 0 0 0 0 0 0 0

Commercial Loan 40,369 28,159 19,401 0 0 0 0 0 0 0 87,929

Total INFLOW 40,369 28,159 19,401 993 1,124 1,273 1,441 1,632 2,992 5,400 127,960

Million Rs.


CASH OUTFLOW

O & M Costs 0 0 0 463 510 560 616 678 1,092 1,758 14,710

Ring Road Authority Costs 150 165 182 200 220 242 266 292 471 758 6,840

Capital Expenditure 40,369 28,159 19,401 0 0 0 0 0 0 0 87,929

Repayment of Interest 0 0 0 11,580 11,298 10,978 10,616 10,206 7,192 1,597 117,961

Repayment of Commercial Loan

0 0 0 2,146 2,428 2,748 3,110 3,520 6,534 12,129 87,929

Total OUTFLOW 40,519 28,324 19,582 14,389 14,455 14,528 14,608 14,696 15,289 16,242 315,369

NET CASH FLOW -150 -165 -181 -13,396 -13,331 -13,255 -13,167 -13,064 -12,297 -10,842 -187,409

CONSTRUCTION LOAN REPAYMENT = 205,890



46.85 Billion Rs.

Ring Road

Total Input

92.09

Billion

Rs.


26.54 Billion Rs.


PROJECT FINANCIAL ANALYSISScenario 1b: Toll on Entire Ring Road, no Economic Zones


GoPb Funding



86.74 Billion

Rs.Southern Loop 19%

Out

put

Toll from entire Ring Road 140.71 Billion Rs. (Toll Rs. 10/car)211.07 Billion Rs. (Toll Rs. 15/car)281.43 Billion Rs. (Toll Rs. 20/car)

Toll Rs./car FIRR Annual Loan Repayment10 2.84 % 14.38 Billion Rs. for 15 years


15 8.49 %20 12.74 %

10.62 Billion Rs.

Northern Loop 81%

PROJECT CASH FLOW STATEMENTScenario 1b: Toll on entire Ring Road, no Economic Zones

Year 2011 2012 2013 2014 2015 2016 2017 2018 2023 2028 Total

CASH INFLOW

Toll Revenues (Northern Loop)

0 3,150 3,584 4,077 4,615 5,225 5,915 6,697 12,279 22,166 171,042

Toll Revenues (Southern Loop)

0 0 0 993 1,124 1,273 1,441 1,632 2,992 5,400 40,031

Sale of Economic Zone plots

0 0 0 0 0 0 0 0 0 0 0.00

Commercial Loan 43,928 28,628 19,534 0 0 0 0 0 0 0 92,090

Total INFLOW 43,928 31,778 23,118 5,070 5,740 6,498 7,357 8,329 15,271 27,567 303,163

Rs. Million

LOAN = 92,090 TOLL REVENUE FROM NL & SL = 211,073

CASH OUTFLOW

O & M Costs 0 25 28 931 1,025 1,127 1,239 1,364 2,196 3,537 29,641





0 0 0 2,247 2,543 2,878 3,257 3,686 6,843 12,703 92,090

Total OUTFLOW 44,078 28,818 19,743 15,506 15,620 15,744 15,881 16,031 17,042 18,670 344,204

NET CASH FLOW -150 2,960 3,375 -10,436 -9,880 -9,246 -8,524 -7,702 -1,771 8,897 -41,041 CONSTRUCTION LOAN REPAYMENT = 215,633

Cost of Total Land Acquisition38.75 Billion Rs.

Cost of Development of Economic Zone11.71 Billion Rs.

Ring Road

Total Input

132.29

Billion

Rs.

Economic Zones


38.03 Billion Rs.



GoPb Funding


26.95 Billion Rs.Total

Input

121.21 Billion

Rs.

PROJECT FINANCIAL ANALYSISScenario 2a: Toll on Southern Loop only, with Econo mic Zones


43.80 Billion Rs.

Economic Zones 74%

Southern Loop 26%

Ring Road

Out

put

Economic Zones


Sale of Economic Zones in 5 years(from years 4 to 8)111.93 Billion Rs.

Total Return FIRR Annual Loan Repayment138.61 1.89 % 20.65 Billion Rs. for 15 years


151.93 3.96 %165.30 5.57 %

12.87 Billion Rs.

PROJECT CASH FLOW STATEMENTScenario 2a: Toll on Southern Loop only, with Econo mic Zones

Year 2011 2012 2013 2014 2015 2016 2017 2018 2023 2028 Total

CASH INFLOW



Sale of Economic Zone plots 0 0 0 28,558 26,178 17,278 19,006 20,906 0 0 111,926

Commercial Loan 64,155 38,927 29,211 0 0 0 0 0 0 0 132,292

Total INFLOW 64,155 38,927 28,211 29,552 27,303 18,551 20,447 22,538 2,992 5,400 284,249

Rs. Million

TOLL REVENUE FROM SL = 40,031REVENUE FROM SALE OF PLOTS = 111,926

LOAN = 132,292

CASH OUTFLOW

O & M Costs 0 0 0 463 510 560 616 678 1,092 1.758 14,710





0 0 0 3,228 3,653 4,135 4,679 5,295 9,830 18,248 132,292

Total OUTFLOW 64,305 39,092 29,393 21,314 21,381 21,454 21,533 21,621 22,214 23,167 463,610

NET CASH FLOW -150 -165 -182 8,238 5,922 -2,903 -1,086 917 -19,222 -17,767 -179,361CONSTRUCTION LOAN REPAYMENT = 309,768

Cost of Total Land Acquisition38.75 Billion Rs.


46.85 Billion Rs.

Cost of Development of Economic Zone11.71 Billion Rs.

Total Input

136.45

Billion

Rs.


39.14 Billion Rs.



GoPb Funding



125.37 Billion

Rs.

PROJECT FINANCIAL ANALYSISScenario 2b: Toll on entire Ring Road, with Economi c Zones

Northern Loop 53%

Economic Zones 35%

Ring Road

Out

put

Economic Zones

Sale of Economic Zones in 5 years

(from years 4 to 8)

111.93 Billion Rs.

Total Return FIRR Annual Loan Repayment

252.64 10.90 % 21.30 Billion Rs. for 15 years


322.99 14.80 %393.35 17.91 %


13.52 Billion Rs.

Loop 53%

PROJECT CASH FLOW STATEMENTScenario 2b: Toll on entire Ring Road, with Economi c Zone

Year 2011 2012 2013 2014 2015 2016 2017 2018 2023 2028 Total

CASH INFLOW

Toll Revenues (Northern Loop) 0 3,150 3,584 4,077 4,615 5,225 5,915 6,697 12,279 22,166 171,042


Sale of Economic Zone plots 0 0 0 28,558 26,178 17,278 19,006 20,906 0 0 111,926

Commercial Loan 67,713 39,396 29,344 0 0 0 0 0 0 0 136,453

Total INFLOW 67,713 42,546 32,928 33,628 31,917 23,776 26,362 29,235 15,271 27,566 459,451

Rs. Million

TOLL REVENUE FROM SL & NL = 211,072 REVENUE FROM SALE OF PLOTS = 111,926

LOAN = 136,453

Total INFLOW

CASH OUTFLOW

O & M Costs 0 25 28 931 1,025 1,127 1,239 1,364 2,196 3,537 29,639



Repayment of Interest 0 0 0 17,971 17,532 17,036 16474 15,839 11,161 2,479 183,057


0 0 0 3,330 3,768 4,265 4,826 5,462 10,139 18,822 136,453

Total OUTFLOW 67,863 39,586 29,553 22,432 22,545 22,669 22,806 22,956 23,967 25,595 492,441

NET CASH FLOW -150 2,960 3,375 11,197 9,374 1,107 3,556 6,287 -8,697 1,971 -32,990




29.70 Billion Rs.

Ring Road

Total Input

65.73 Billion Rs.

PROJECT FINANCIAL ANALYSISScenario 3a: Toll on Southern Loop only,

No Economic Zones, No Realignment of Northern Loop along River FrontMiscellaneous Costs

(Inflation, IDC, Insurance and Loan Arrangement Charges)

18.87 Billion Rs.



GoPb Funding



60.82 Billion Rs.

Out

putToll Rs./car FIRR Annual Loan Repayment

10 -ve 10.26 Billion Rs. for 15 years


15 -ve20 -ve


6.81 Billion Rs.

PROJECT CASH FLOW STATEMENTScenario 3a: Toll on Southern Loop only, No Economi c Zones,

No Realignment of Northern Loop along River FrontYear 2011 2012 2013 2014 2015 2016 2017 2018 2023 2028 Total

CASH INFLOW



Sale of Economic Zone plots 0 0 0 0 0 0 0 0 0 0 0

Commercial Loan 32,688 19,794 13,247 0 0 0 0 0 0 0 65,730

Total INFLOW 32,688 19,794 13,247 993 1,124 1,273 1,441 1,632 2,992 5,400 105,761

Million Rs.


CASH OUTFLOW

O & M Costs 0 0 0 322 355 389 428 472 759 1,223 10,230





0 0 0 1,604 1,815 2,054 2,325 2,631 4,884 9,067 65,730

Total OUTFLOW 32,838 19,959 13,429 10,783 10,835 10,891 10,955 11,025 11,491 12,242 236,709

NET CASH FLOW -150 -165 -182 -9,789 -9,711 -9,618 -9,514 -9,393 -8,499 -6,842 -130,949




32.75 Billion Rs.

Ring Road

Total Input

69.89

Billion

Rs.


19.98 Billion Rs.


PROJECT FINANCIAL ANALYSISScenario 3b: Toll on Entire Ring Road,

No Economic Zones, No Realignment of Northern Loop along River Front


GoPb Funding



64.98 Billion

Rs.Southern Loop 22%

Ring Road

Out

put


Toll Rs./car FIRR Annual Loan Repayment10 4.71 % 10.91 Billion Rs. for 15 years


15 10.38 %20 13.91 %

7.46 Billion Rs.

Northern Loop 78%

PROJECT CASH FLOW STATEMENTScenario 3b: Toll on entire Ring Road, No Economic Zones,

No Realignment of Northern Loop along River Front

Year 2011 2012 2013 2014 2015 2016 2017 2018 2023 2028 Total

CASH INFLOW

Toll Revenues (Northern Loop)

0 2,639 3,003 3,416 3,867 4,378 4,956 5,611 10,288 18,571 143,303

Toll Revenues (Southern Loop)

0 0 0 993 1,124 1,273 1,441 1,632 2,992 5,400 40,031

Sale of Economic Zone plots

0 0 0 0 0 0 0 0 0 0 0.00

Commercial Loan 36,247 20,263 13,381 0 0 0 0 0 0 0 69,891

Total INFLOW 36,247 22,902 16,384 4,409 4,991 5,651 6,397 7,243 13,280 23,971 253,225

Rs. Million

LOAN = 69,891 TOLL REVENUE FROM NL & SL = 183,334Total INFLOW 36,247 22,902 16,384 4,409 4,991 5,651 6,397 7,243 13,280 23,971 253,225

CASH OUTFLOW

O & M Costs 0 25 28 649 714 786 864 951 1,531 2,466 20,681





0 0 0 1,706 1,930 2,184 2,472 2,798 5,193 9,640 69,891

Total OUTFLOW 36,397 20,453 13,590 11,759 11,844 11,937 12,040 12,153 12,912 14,134 261,065

NET CASH FLOW -150 2,449 2,794 -7,350 -6,853 -6,287 -5,643 -4,910 368 9,837 -7,840


Scenario Funding Scenarios

Project Cost

(Billion Rs.)

Loan Amount

[Billion Rs. (Billion $)]

GoPb Funding

(Billion Rs.)

Revenue(Billion

Rs.)

FIRR(%)

Installment (Billion Rs.)

1aToll from Southern Loop only

62.5087.93 (1.02 $) -

40.03 - ve13.73

63.88 (0.74 $) 18.70 9.97

1bToll from entire Ring Road

65.5592.09 (1.07 $) -

211.07 8.4914.38

68.04 (0.79 $) 18.70 10.62

SUMMARY OF FINANCIAL ANALYSIS (Toll = Rs. 15/Car)

68.04 (0.79 $) 18.70 10.62

2aEconomic Zone with Toll from Southern Loop only

94.26132.29 (1.53 $) -

151.93 3.9620.65

82.46 (0.96 $) 38.75 12.87

2bEconomic Zone with Toll from entire Ring Road

97.31136.45 (1.58 $) -

322.99 14.8021.30

86.62 (1.01 $) 38.75 13.52

3aToll from Southern Loop Only (No River Front)

46.8665.73 (0.76 $) -

40.03 - ve10.26

43.66 (0.50 $) 17.16 6.81

3bToll from entire Ring Road (No River Front)

49.9169.89 (0.79 $) -

183.33 10.3810.91

47.82 (0.55 $) 17.16 7.46

Both Parties agree that the following formalities m ust be met in the manner and according to the schedule set out herein below:

Sr. No.

ActivityMonths Subsequent to Signing of Agreement

1 2 3 4 5 6 7 8 9 10 11 12 13

a.The Government of Punjab shall finalize and approve project design with provision of feasibility studies, geological report, topographical report and notify the same to prospective contractor.

b.

The Government of Punjab shall obtain and secure all necessary and or relevant authorizations, sanctions and approvals including but not limited to PC-1, Public Private Partnerships Agreement, Approval from ECNEC.

The Government of Punjab shall finalize and approve Technical

FRAMEWORK AGREEMENT FOR LOAN ACQUISITION

STUDIES

DESIGN

c.The Government of Punjab shall finalize and approve Technical Specifications relevant to the Project and notify the same to prospective contractor.

d.

Prospective contractor shall initiate negotiations with China Development Bank for provision of Project financing and supply provisional Terms and Conditions for such facility against Sovereign Guarantee.

e.Parties shall prepare reports and document for submission to the financing institution.

f.Parties shall negotiate firm Contract Price and Terms and Conditions of the Commercial Contract after assurance of financial assistance from the Bank / Institution.

g.The Government of Punjab shall conduct detailed negotiations and finalize Project Financing Agreement with active assistance of prospective contractor.

� Alleviate congestion on radial arterials� Improve operation of critical intersections in the city� Reduce overall travel time along city network

In 2005, C&W Department awarded the task to NESPAKfor alignment study with the objectives to:

BACKGROUND

� Traffic Counts at 107 locations and 65,000 O-D interviews� Travel Time Surveys & Road Inventory of major arterials� Development of Computerized Traffic Model

NESPAK completed the task through:

BACK

SALIENT FEATURES

NORTHERN LOOP SOUTHERN LOOP

Lengths: 40 Km72 Km120 Km

50 Km120 Km120 Km

Design Speed 100 Km / h 100 Km / h

No. of Lanes3+3 (with provision of Service

Roads)

3 + 3 (with provision of Service Roads & space for provision of

6 Lane Carriageway2 Lane Service RoadDrains

No. of LanesRoads)

Roads & space for provision of 4th lane & Metro)

R.O.W 58~90 m 160 m

Interchanges Present 9 6

Future 1 5

Underpasses

Vehicular 10 17

Pedestrian 6

+ 26 Pedestrian Bridges15

+ Pedestrian Bridges

CostLand Acquisition Rs. 22 Billion (US$ 250 M) Rs. 20.4 Billion (US$ 230 M)

Construction Rs. 25 Billion (US$ 290 M) Rs. 31.0 Billion (US$ 350 M)BACK

Pkg#

Package Name Length (Km)Physical

Progress (%)

1 Interchange at Niazi Chowk 1.2 100

2 Road from Niazi Chowk to Saggian 2.7 100

3 Road from Niazi Chowk to Mahmood Booti 8.7 100

4 Interchange at Saggian Chowk 1 100

5 Road from Saggian to Gulshan-e- Ravi 1.5 100

6 Road from Barki Road Int. to Ghazi Road Int. 3 100

7 Abdullah Gul Interchange 1.6 86

8 Road from Canal to Airport Access Road 1.8 100

PROGRESS OF NORTHERN LOOP

8 Road from Canal to Airport Access Road 1.8 100

9 Interchange at Harbanspura Canal Crossing 2 100

10 Quaid-e-Azam Interchange 2 100

11 Interchange at Ghazi Road 1.6 42

12 Road from Lakhudair to G.T Road 2.7 95

13 Road from Mahmood Booti to Lakhudair 1.9 97

14 Road from Ghazi Road Int. to Bedian Road Int. 2.5 2 7

15 Interchange at Bedian Road 1.4 55

16 Road from Bedian Road Int. to Khaira Disty. 2.5 75

17 Interchange at Khaira Distributary 1.9 65

(30 Kms Constructed) Total 40 Overall 85% BA

CK

FULL CLOVERLEAF INTERCHANGE AT FEROZEPUR ROAD CROSSING

Gaju MattahRehmat Pura

BISMA RICEMILL

Back

PARTIAL CLOVERLEAF INTERCHANGE AT RAILWAY CROSSING NEAR HALLOKI VILLAGE

RAILWAY LINE

HALLOKI

Back

FULL CLOVERLEAF INTERCHANGE AT RAIWIND ROAD CROSSING

Back

FULL CLOVERLEAF INTERCHANGE AT MULTAN ROAD / CANAL CROSSING

BERGER PAINTS

RAIWIND ROAD

Back

SLSL--11 SLSL--22 SLSL--33 SLSL--44 TOTAL(50.0 Km)(8.5 Km)(8.5 Km) (13.0 Km)(13.0 Km) (8.0 Km)(8.0 Km) (20.5 Km)(20.5 Km)

Billion Rs.

COST OF RECOMMENDED PACKAGES

Construction Cost

6.0 8.0 5.6 11.4 31.0

Land Cost 3.9 6.1 3.7 6.7 20.4

Total 9.9 14.1 9.3 18.1 51.4

Back

RECOMMENDED PACKAGES

````

Pac

kage

SL

-1

(L =

8.5

Km

)

Pac

kage

SL

-4

(L =

20.

5 K

m)

LRR Southern Loop (L = 50 Kms)

````

Pac

kage

SL

(L =

8.5

Km

)

Package SL-2 (L = 13.0 Km)

Package SL-3 (L = 8.0 Km)

Pac

kage

SL

(L =

20.

5 K

m)

Back

OPTIONOPTION--11 OPTIONOPTION--22 OPTIONOPTION--33(49.5 Km)(49.5 Km)

OPTIONOPTION--44(58.0 Km)(58.0 Km)(50.0 Km)(50.0 Km) (41.5 Km)(41.5 Km)

Construction Cost (Billion Rs.) 31.0 24.6 37.8 43.8

COST OF OPTIONS

Cost (Billion Rs.)

Land Cost (Billion Rs.)

20.4 16.5 18.0 21.9

Total (Billion Rs.) 51.4 41.1 55.8 65.7

Back

NORTHERN

LOOP

CONSTRUCTION OPTION - 1 (Length = 50 km)Southern Loop from P – 17 to Babu Sabu Interchange

SOUTHERN

LOOP

OPTION – 1

Length = 50 km

Back

NORTHERN

LOOP

CONSTRUCTION OPTION - 2 (Length = 41.5 km)From Ferozepur Road to Babu Sabu Interchange (Packag e SL-1 excluded)

LOOP

OPTION – 2

Length = 41.5 km

SOUTHERN

LOOPBack

NORTHERN

LOOP

CONSTRUCTION OPTION - 3 (Length = 49.5 km)Option-2 + Road on River Front from Babu Sabu to Niazi Interchange

LOOP

OPTION – 3

Length = 49.5 km

SOUTHERN

LOOPBack

NORTHERN

LOOP

CONSTRUCTION OPTION - 4 (Length = 58 km)Option-3 + Road on River Front from Babu Sabu to Niazi Interchange

LOOP

SOUTHERN

LOOP

Length = 58 km

Back

LOCATION ACQUISITION COSTDEVELOPMENT

CHARGES

SALE PRICE OF DEVELOPED

LAND

RIBBON DEVELOPMENT

1. Kahna 1,050,000 400,000 5,000,000

2. Halloki 850,000 400,000 5,000,000

3. Miraka 600,000 400,000 5,000,000

LAND, DEVELOPMENT AND SELLING UNIT COSTS (Rs. / Kanal)

3. Miraka 600,000 400,000 5,000,000

CLUSTER DEVELOPMENT

a) Industrial1. Kahna 750,000 400,000 2,500,000

2. Halloki 600,000 400,000 2,500,000

3. Miraka 400,000 400,000 2,500,000

b) Residential

1. Taru Gill 750,000 300,000 4,000,000

Scenario Land Acquisition

Construction Cost

SubTotal

Toll System Total Cost

Scenario 1Southern Loop excluding economic zones

18.70 43.80 62.50 3.05 65.55

Development of Economic Zones 20.05 11.71 31.76 - 31.76

Scenario 2

Project Cost in Various Scenarios (Billion Rs.)

Scenario 2Southern Loop including Economic Zones

38.75 55.51 94.26 3.05 97.31

Realignment of Northern Loop 1.54 14.10 15.64 - 15.64

Scenario 3Southern Loop excluding economic zones and Realignment of Northern Loop

17.16 29.70 46.86 3.05 49.91

* Above Costs are based on January 2011 rates

End of Link SlidesEnd of Link Slides

communication & works department government of...

Documents