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Urban Rail in India 2019

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    Report

  • October 2019
  • Region: India
  • Global Mass Transit
  • ID: 4850490

Market Analysis, New Technologies and Systems, Upcoming Projects and Opportunities

India has emerged as a fast growing market for urban rail systems. Currently, 10 cities have an operational urban rail network spanning 536 km. The network has grown significantly over the past 12-13 years, up from about 90 km in 2006. With the Metro Rail Policy 2017 in place, several cities are ready to roll out work to develop their respective urban transit systems. In the last five years, 13 new metro projects with a total length of about 248 km have been approved for implementation. Further, about 750 km of metro rail network and 373 km of rapid rail transit network is under planning in various cities. While metro will continue to be the dominant mode, new modes such as trams, rapid rail, light rail are also gaining traction. State-of-the-art rolling stock and advanced signalling and telecommunication systems are expected to be deployed as part of these projects. Innovations and developments in the fare payments industry are resulting in the adoption and use of a variety of payment methods, especially interoperable electronic payment methods such as smartcards, bank cards, mobile wallets and near-field communication (NFC)-enabled devices. The current level of activity in the urban rail sector spells significant opportunity for consultants, developers, contractors, operators, rolling stock manufacturers, signalling and communications technology providers, fare system providers, equipment manufacturers, construction material suppliers, software solution providers, etc.


The Urban Rail in India 2019 report is the most comprehensive and up-to-date study on the Indian urban rail market. The report is available in PDF format and MS Excel Database.


The report is divided into three sections with seventeen chapters:


Section I: Market Analysis, Key Trends and Recent Developments


  • Executive Summary
  • Sector Overview
  • Metro Rail Policy, 2017 – Impact and Challenges
  • Analysis of Operational Projects
  • Analysis of Upcoming Projects
  • Future Outlook and Market Opportunities (Till 2024-25)
  • Emerging Areas of Growth
  • Ownership Structure and Key Players
  • Financing Strategies and Potential for PPP

Section II: Segment Analysis, Outlook and Opportunities (Till 2024-25)


  • Rolling Stock
  • Signalling, Train Control and Telecommunications
  • Fare Collection Systems
  • Metro Tunnels
  • Station Area Development and Inter-Modal Integration
  • Construction – At Grade and Elevated Structures
  • Traction and E&M

Section III: Project Profiles*


  • Operational and Under Construction Projects
  • Upcoming Projects (Announced, Planned, Approved and Under Bidding Projects)
  • Light Rail Transit Projects
  • Monorail Projects

Each profile provides information on project background and scope (network length, number of stations, rolling stock, fare system, signalling and telecommunication, traction, etc.), implementing agency, project cost, time and cost overruns, key consultants, key contractors, key milestones, sources of fund, recent contracts, upcoming tenders, current status, etc.


Table of Contents

SECTION I: MARKET ANALYSIS, KEY TRENDS AND RECENT DEVELOPMENTS
Executive Summary


1. Sector Overview
Network Size and Growth
Key Sector Trends
Role of 'Make in India' and Focus on Indigenisation
Growth in Budgetary Outlays
Recent Developments
  • Key Government Initiatives
  • Project Completions
  • Recent Contract Awards
  • Projects Approved
  • New Concepts and Technologies
Investment Requirements
Issues and Challenges
Future Outlook


2. Metro Rail Policy, 2017 - Impact and Challenges
Salient Features
Potential Benefits
Impact on PPPs
Scope for Private Participation in O&M
Potential for the Creation of Unified Metropolitan Transport Authority
  • Industry Feedback
  • Recommended Amendments
3. Analysis of Operational Projects
Current Network
Growth in Operational Network
Trends in Ridership
Analysis by:
  • Mode of Implementation
  • Type of System
  • Alignment
Analysis by Segment:
  • Stations
  • Rolling Stock
  • Fare Collection Systems
  • Signalling and Telecommunication . Systems
  • Traction and E&M
4. Analysis of Upcoming Projects
By Status
  • Ongoing
  • Awarded
  • Under Bidding
  • Approved
  • Announced/Planned
By Mode of Implementation
  • EPC
  • PPP
By Type of System
  • Metro
  • Monorail
  • Light Rail
  • RRTS
By Alignment
  • At Grade
  • Elevated
  • Underground
By Expected Completion
  • By 2020
  • Beyond 2020
Key Open Tenders


5. Future Outlook and Market Opportunities
Key Growth Drivers
Investment Projections
Expected Network Addition
Market Opportunities: By Segment
  • Contractors/developers
  • Tunnel Construction
  • Traction and E&M
  • Rolling Stock
  • Signalling, Train Control and Telecommunication
  • Fare Collection
Market Opportunities: By Stakeholder
  • Developers
  • Contractors
  • Consultants
  • Financiers
  • Material Suppliers
  • Others
Future Outlook


6. Emerging Areas of Growth
Transit-oriented Development
Real Estate/Commercial Development
Technology Innovations (MaaS, IoT, Big Data, etc.)
Use of Renewable Energy


7. Ownership Structure and Key Players
Key Ownership Models-A Brief Snapshot
Segment-wise Presence
Project Portfolio
Key Completed Projects
Key Ongoing Projects
Financial Performance and Future Plans


8. Financing Strategies and Potential for PPP
Experience So Far
Business Models (Fully Governmentfunded, VGF-based PPPs, Hybrid PPPs, Fully Privatised)
Financing Trends
Value Capture Financing Framework
Key Sources of Revenue
New Revenue Streams (Advertising Revenue, License Fee, Real Estate Development Rights, Additional Stamp Duty, etc.)
Project Economics and Cost Components
Historical and Expected Rates of Returns
PPP Experience and Potential
  • Case Studies of PPP Projects
  • Key Success Factors
  • Risks and Challenges
Way Forward


SECTION II: SEGMENT ANALYSIS, OUTLOOKAND OPPORTUNITIES
9. Rolling Stock
Market Size and Growth
Nature of Fleet and Specifications
MoHUA Guidelines on Rolling Stock Standardisation
Recent Orders
Upcoming Bids
Market Share of Key Players
Focus on Indigenous Production
Manufacturing Facilities
Level of Indigenisation
Train Operations
Driverless Train OperationsExperience So far
Upcoming Rolling Stock Opportunities
Way Forward


10. Signaling, Train Control and Telecommunications
Market Size and Growth
Technologies and Systems in Use
System Upgrades and Innovations
Market Share of Key Players
Recent Contracts
Upcoming Bids and Tenders
Recent Developments
Outlook and Projections


11. Fare Collection Systems
Market Size and Growth
Specifications of system in use
System upgrades and innovations
Global scenario
Market share of key players
Recent Contracts
Upcoming tenders
Plans of key metro systems
Key trends
Recent Developments
Outlook and Projections (till 2024-25)


12. Metro Tunnels
Size and Growth
Analysis of TBM Market
Market Share of Key Players
Recent Contracts (past 15-18 months)
Upcoming Bids and Tenders
Recent Developments
Best Practices in Tunnel Design
Outlook and Opportunities


13. Station Area Development and Inter-Modal Integration
Market Size and Growth
Key Components of Station Design
  • Elevators
  • HVAC Systems
  • Public Information Display Systems
  • Safety and Accessibility Aspects
  • Others
Key Players
Recent Contracts
Global Best Practices
Upcoming Tenders
Outlook and Projections


14. Construction: Elevated and At-grade Structures
Size and Growth
Per-km Construction Cost
Prevalent Methods and Techniques
Market Share of Key Contractors
Recent Contracts
Upcoming Tenders
Key Trends
Outlook and Projections


15. Traction and E&M
Traction Systems
Market Size
Specifications of Traction and E&M
Systems
Energy Consumption and Expenditure
Energy Conservation Initiatives
Key Players
Recent Contracts
Upcoming Tenders
Outlook and Projections


SECTION III: PROJECT PROFILES
16. Operational and Under Construction Projects
Ahmedabad-Gandhinagar Metro Rail Project Phase I
Bengaluru Metro Rail Project Phase I and II
Chennai Metro Rail Project Phase I and Phase I Extension
Delhi Metro Rail Project Phase I, II, III and Extensions
Rapid Metro Rail Project Gurgaon Phase I and II
Hyderabad Metro Rail Project Phase I
Jaipur Metro Rail Project Phase I
Kochi Metro Rail Project Phase I
Kolkata Metro Rail Project (NorthSouth, East-West and Expansion Projects)
Lucknow Metro Rail Project
Mumbai Metro Rail Project (Lines 1, 2A, 2B, 3, 4, 6 and 7)
Mumbai Monorail Project Line 1
Nagpur Metro Rail Project Phase I
Navi Mumbai Metro Rail Project Phase I
Noida-Greater Noida Metro Rail Project
Pune Metro Rail Project


17. Upcoming Projects (Announced, Approved and Under Bidding Projects)
Agra Metro Rail Project
Ahmedabad-Gandhinagar Metro Rail Project Phase II
Bengaluru Metro Rail Project Phase 2A, 2B and III
Bhopal Metro Rail Project Phase I
Bhubaneswar-Cuttack Metro Rail Project
Chennai Metro Rail Project Phase II
Coimbatore Metro Rail Project
Dehradun-Haridwar-Rishikesh Light Rail Project
Delhi Metro Rail Project Phase IV
Gorakhpur Metro Rail Project
Greater Noida - Jewar Metro Rail Project
Gurgaon-Manesar Metro Rail Project
Rapid Metro Rail Project Gurgaon Phase III
Gurgaon-Faridabad Metro Rail Project
Guwahati Metro Rail Project Phase I
Hyderabad Metro Rail Project Phase II
Indore Metro Rail Project Phase I
Jaipur Metro Rail Project Phase II
Jammu Metro Rail Project
Kanpur Metro Rail Project Phase I
Kochi Metro Rail Project Phase II and III
Meerut Metro Rail Project Phase I
Mumbai Metro Rail Project (Lines 5, 8, 9, 10, 11 and 12)
Nagpur Metro Rail Project Phase II
Noida Sector 142 - Kalindi Kunj Metro Rail Project
Noida Sector 71-Knowledge Park V Metro Rail Project
Patna Metro Rail Project Phase I
Surat Metro Rail Project
Srinagar Metro Rail Project
Thane Metro Rail Project
Visakhapatnam Metro Rail Project Phase I
Kozhikode LRT Project
Pune Light Rail Project
Ranchi Light Metro Rail Project Phase I
Thiruvananthapuram LRT Project
Vijayawada Light Rail Project
Chennai Monorail Project (First Corridor)
Warangal Monorail Project (First Corridor)
Delhi-Meerut Regional Rapid Transit System


Each profile covers the project background and scope (network length, number of stations, rolling stock, fare system, signalling and telecommunication, traction, etc.), the implementing agency, project cost, time and cost overruns, key consultants, key contractors, key milestones, sources of fund, recent contracts, upcoming tenders, current status, etc.

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Methodology

Industry analysts have utilised primary and secondary research sources in preparing this report. Primary sources include information obtained through telephone interviews and emails from public transport authorities, operators and regulators. Secondary sources include, but are not limited to, project websites and status reports; websites, annual reports, capital programmes and financial reports of transport authorities and operators; documentation provided by relevant financing institutions; investor presentations; analyst reports; government plans and documents; websites of ministries and regulators; websites of industry associations; internal and external proprietory databases; news articles; and press release reports. Wherever applicable, research sources are cited within the report.


The analysts and researchers have combined the information from these primary and secondary sources with their industry expertise to synthesise the qualititative and quantitative analysis presented in this report. In cases where data was not available, the estimates from authentic published reports or press releases have been used. Great care has been taken to ensure that all analysis is supported by facts. In situations where facts were not available and assumptions were made to conduct analysis, the assumptions and methods of estimation have been explained - the publisher takes every possible care to provide information using resources it believes are most accurate and reliable. It, however, shall not be liable for losses or consequences, if any, arising from the use of the information contained in the document.