RAILWAYS IN INDIA 2016

Transcription

1 Now Available RAILWAYS IN INDIA 2016 Sector Analysis and Market Opportunities Report Data-set (Excel) India Infrastructure Research

2 Table of Contents SECTION I: MACRO OVERVIEW AND ANALYSIS 1. Overview Key Facts about IR Size and Growth Rail Network Passenger and Freight: Traffic and Earnings Size and Growth -Fixed Assets Size and Growth -Rolling Stock Financial Trends Efficiency Indicators of IR Policy Framework and Review of Various Committees Existing Policy Framework Recent Policy Initiatives Committee Recommendations and Implementation Status Key Growth Drivers Investment Requirement Outlook and Projections 2. Recent Developments and Initiatives ( ) Rail Budget Future Strategies, Budget Estimates and Plan Outlay Budget Plans and Proposals New Policy Announcements and Likely Impact Restructuring of IR -Key Recommendations Constitution of Rail Development Authority of India Resource Mobilisation and Innovative Funding Initiatives New Collaborations and Tie-ups SPVs and Project Approvals Recently Completed Projects Recent Contracts Awarded Developments on DFC and HSR Projects Other Key Developments Recent IT Initiatives 3. Investment Plans and Financing Investment Plan till Network Expansion and Decongestion Plan Rolling Stock: Focus on New Gen Locos and Coaches Safety and HSR Stations and National Projects Passenger Amenities, Signalling & Telecommunications Expected Sources of Financing Funding Models 4. IR Finances Financing Sources An Overview Five-Year Trend - Sources of Finance Sources of Revenue Revenue Trends Trend in Total Earnings Trend in Gross Traffic Earnings (Core Revenue) Trend in Gross Traffic Earnings (Non-core Revenue) Cost Contributors and Financial Outgo Cost Trends Trend in Total Expenses Trend in Total Working Expenses Earning Surplus Operating Ratio Budget Projections 5. Make in India The Programme Foreign Direct Investments in Railways Financial Support and Incentives Recent Initiatives Key Opportunity Areas Big-ticket Projects Projects Identified for Development through FDI/Make in India Key Global Players in India Key Requirements Future Outlook 6. PPP Opportunities Key Milestones for PPP in Railways PPP Models in Railways Project Financing for PPP Projects Experience so Far

3 Table of Contents PPP Projects Completed so Far Ongoing PPP Projects Areas for PPP Intervention Existing Polices and Recent Initiatives Upcoming PPP Opportunities Planned/Upcoming PPP Projects PPP Opportunities and Investments Investments and Resource Mobilisation through PPP Key Issues and Challenges SECTION II: SEGMENT ANALYSIS 7. Freight Traffic and Earnings Analysis Key Trends ( to ) Freight Traffic Trends Freight Earnings Trends Freight Earnings & Traffic in Commodity-wise Trends Commodity-wise Traffic and Earnings Share Commodity-wise Trends in and Commodity-wise Traffic and Earnings for Commodity Analysis Zone-wise Analysis Traffic and Earnings Share Traffic during and Earnings during and Zone-wise Analysis: Traffic by Commodity Zone-wise Analysis: Traffic Targets and Achievements ( ) Zone-wise Analysis: Freight Earnings Line Capacity and Utilisation Segment Outlook and Projections 8. Passenger Traffic and Earnings Analysis Key Trends ( to ) Passenger Traffic Trends Passenger Earnings Trends Passenger Traffic and Earnings: Segment-Wise Traffic and Earnings Analysis Class-Wise Traffic and Earnings Analysis Zone-wise Analysis Zonal Comparison of Passenger Traffic Zonal Comparison of Passenger Earnings Initiatives Undertaken by IR Segment Outlook and Projections 9. Focus on Containers Trends in Traffic Trends in Earnings Zone-wise Analysis Zone-wise Traffic Trends NTKM and Average Lead Positive Earnings Growth Exim and Domestic Traffic Movement Initiatives Undertaken by IR Issues and Challenges Segment Outlook and Projections ( to ) SECTION III: RAILWAY MODERNISATION AND INFRASTRUCTURE EXPANSION 10. Rolling Stock Size and Growth of Rolling Stock Wagons Locomotives Coaches Policy Framework for Private Players Budget Proposals Zone-wise Plan Expenditure Production Units -Performance and Analysis Production Trend Capacity Utilisation Upcoming Facilities Key Trends and Developments Recent Trends in Design and Engineering Recent Developments: Production Units Recent Awards and JVs/MoUs Key Developments: Improving Customer Experience Key Developments: Safety Thrust Area -LHB Coaches Segment Outlook and Projections

4 Table of Contents 11. Tracks - New and Electrified Network Expansion Size and Growth - Route km Zone-wise Network Growth in Running Track and Total Track Targets and Achievements so Far New Line Doubling Gauge Conversion Electrification Track Repair and Maintenance Key Projects - Ongoing and Upcoming Envisaged Modernisation Measures Segment Outlook and Projections 12. Railway Bridges Size and Growth Bridges Profile Age-wise Design/Type wise Structure and Route-wise Zonal Railway-wise Analysis Key Projects-Ongoing and Upcoming Projects Proposed in Sanctioned and Ongoing Projects Projects Taken up in the Last Three Fiscal years and the Way Forward 13. Signalling and Telecommunications Budgetary Allocation Size and Growth Signalling Telecommunications Recent Initiatives The Way Forward 14. Safety Safety Performance Safety Performance of Passenger Trains - Last 10 years Derailments: Cause of Maximum Number of Accidents Number of Consequential Accidents by Zonal Railways Safety Performance of Freight Trains Global Comparison Allocation of Funds Recent Initiatives IR's Initiatives: Preventing Train Derailments Construction of RoBs/RuBs Proposed Investment on Safety Key Focus Areas Going Forward SECTION IV: NEW FOCUS AREAS 15. High-speed Rail Background Corridors under Consideration High-speed Rail Corridors Diamond Quadrilateral Corridors for Semi-High-speed Trains Recent Developments Short-term and Long-term Action Plan Opportunities and The Way Forward 16. Stations and Terminals - New and Redevelopment Size and Growth Stations Size and Growth Terminals Size and Growth CFSs and ICDs Policy Framework Private Freight Terminal (PFT) Policy Revision of PFT Policy DFCCIL's Draft PFT Policy and Liberalised FDI Policy Key Projects Modernisation and Redevelopment Scheme Status of Station Redevelopment Projects Adarsh Station Scheme Funding Passenger Amenities Status of Multi-functional Complexes

5 Table of Contents Segment Outlook Station Redevelopment and Modernisation Proposals for PFTs Freight Stations & Depots SECTION V: UPDATE ON KEY PROGRAMMES 17. Dedicated Freight Corridor Overview Project Scope Corridor Route Key Features Project Financing and Status Project Status Current Project Status Status on Civil Contracts Phase-wise Commissioning of DFC Key Milestones Future Corridors and Opportunities 18. North-East Rail Connectivity North-East Rail Connectivity - Expansion in Last 2 Decades Current Network in North-East Region Key Developments in 2015 Expenditure on Rail Connectivity in NER Key Ongoing Projects Summary of Ongoing Projects in NER Key Projects for Rail Connectivity to State Capitals Other Key Ongoing Projects Projects Likely to Commission in Key Issues and Challenges The Way Forward Projects Announced under Budget Sanctioned Projects in Projects to be Implemented by IPRCL Projects under Construction Zone-Wise Analysis Type-Wise Analysis in Project Execution Expected Investments Project Outlook SECTION VI: PROFILES OF KEY PLAYERS PSUs 20. Key Railway PSU Profiles Bharat Wagon and Engineering Company Limited Braithwaite & Company Limited Burn Standard Company Limited Centre for Railway Information Systems Container Corporation of India Limited Dedicated Freight Corridor Corporation of India Limited Indian Railway Finance Corporation Limited Indian Railway Catering and Tourism Corporation Limited Ircon International Limited Konkan Railway Corporation Limited Mumbai Railway Vikas Corporation Limited Pipavav Railway Corporation Limited Rail India Technical and Economic Services Limited Rail Land Development Authority RailTel Corporation of India Limited Rail Vikas Nigam Limited SECTION VI: ANALYSIS OF PROJECT PIPELINE 19. Key Projects in Pipeline Project Pipeline Overview and Analysis of Upcoming Projects Zone-Wise Upcoming Projects Release Date: January 25, 2016 No. of Slides: 362

6 List of Tables and Figures LIST OF TABLES Trend in Creation of Fixed Assets in IR (km) Efficiency Indicators of IR Existing Policy Framework Budget Plans and Proposals New Policy Announcements and Likely Impact Budget Estimates for (Rs billion) List of Projects Identified for Development through FDI/Make in India PPP Models in Railways Project Financing for PPP Projects PPP Projects Completed So Far Ongoing PPP Projects Upcoming/Planned PPP Projects PPP Opportunities and Investments Growth in Coal Traffic during and Growth in Iron Ore Traffic during and Growth in Pig Iron and Finished Steel Traffic during and (mt) Growth in Container Traffic during and (mt) Zone-wise Analysis: Traffic by Commodity ( ) Zone-wise Analysis: Traffic Targets and Achievements ( ) Line Capacity Status of High Density Network on IR (No. of sections) Class?wise Passenger Traffic and Earnings Zonal Comparison of Passenger Traffic Zonal Comparison of Passenger Earnings Zonal Comparison of Container Freight Revenue NTKM and Average Lead Zonal Comparison of Container Freight Revenue Earnings (Rs billion) Trend in Net Addition of Wagons Trend in Net Addition of Electric Locomotives Category-wise Acquisition of Coaches by IR Key Policies for Private Players Rolling Stock Asset Acquisition Proposed in Budget Production Trend during to Upcoming Rolling Stock Facilities Zone-wise Network (Route km) Zone-wise Track Renewal (CTR km) Zone-wise Ongoing Projects Segment-wise Upcoming Projects Sanctioned Projects Zone-wise Age Profile of Bridges (No.) Route-wise No. of Bridges Zone-wise Split of Important, Major, and Minor Bridges Summary of Proposed Bridges Projects Zone-wise Sanctioned Projects Bridge Projects Taken up in the Last Three Fiscal years Zonal Split in Budget Allocation towards S&T in Growth in other Signalling Assets Growth in Telecommunications Assets Safety Performance of Freight Trains - Consequential Derailments (No.) Comparison of IR Accident Statistics with European Rail Systems Proposed Investment on Safety by HLSRC HSR Corridors Identified Diamond Quadrilateral Network - Identified Corridors Semi-HSR Corridors Indentified List of Activities for Private/Foreign Direct Investment Status of Station Redevelopment Projects CFS/ICD Proposals Approved for Issue of Letter of Intent Details of Eastern and Western DFC Comparison of Features - Existing and DFC Routes Current Network Projects commissioned till December 2015 Summary of Ongoing Projects in NER Projects likely to Commission in Zone-wise Details of Sanctioned Projects Projects Selected for Preparation of DPR Zone-Wise Analysis of Under Construction Projects Operational Details of BWEL during FY2011?14 Order book of BSCL BSCL - Key Initiatives Concor's Segment?wise Throughput and Revenue during to 2014?15 List of PFTs Developed by CONCOR Funding Structure of DFCCIL DFCCIL -Key Contracts Awarded in & DFCCIL -Key Contracts Likely to be Awarded in IRFCL Share in Indian Railways Rolling Stock IRCTC - Business Segments (Railway Catering and Hospitality) IRCTC's Revenues by Business Segment Summary of Train Operations of KRCL KRCL - Update on Key Projects MRVCL - Expenditure under Key Projects of MUTP II Traffic Performance of PRCL during FY2011?15 Segment-wise Performance of RITES Summary and Status of MFCs Undertaken by RLDA Summary of Commercial Sites Entrusted to RLDA Earnings of RLDA Projects Completed by RVNL till March 2015 LIST OF FIGURES Growth in Route km Growth in Total Track Length of IR Growth Trend in Freight and Passenger Traffic of IR Growth Trend in Earnings of IR Rolling Stock Acquisitions by IR in the Last Three Years Trend in Total Earnings and Total Costs Funding Share for IR in (%) Projects Affected Severely Delayed due to Land Acquisition Issues (as of August 2015) Proposed Investment Plan for IR Proposed Investment Plan for IR Proposed Investment for Network Expansion and Decongestion Proposed Investment for Rolling Stock Augmentation Proposed Investment towards Safety Proposed Investment for HSR Sources of Funding for Investment Plan Total Expenditure -Split by Sources Share of Sources of Finance in Budget Estimates Trend in Financing Sources Share of Revenue Sources in Total Earnings ( to ) Five-Year Trend in Passenger Earnings Five-Year Trend in Freight Earnings Five-Year Trend in Coaching Earnings Five-Year Trend in Sundry Earnings Spilt of Total Working Expenses Spilt of Financial Outgo Trend in Total Cost Trend in OWE Trend in Pension Fund Trend in Depreciation Fund Trend in Earnings Surplus Operating ratio (%) FDI Equity Inflow in Railway Related Components Segment-wise Cost of Identified Projects Budget Trends for PPP Projects Identified under FDI Policy Investments and Resource Mobilisation through PPP Trends in Freight Traffic during to Trends in Freight Earnings during to Freight Earnings and Traffic in Commodity?wise Share of Freight Traffic in 2014?15 Commodity?wise Share of Freight Revenue in 2014?15 Commodity-wise Traffic during

7 List of Tables and Figures Commodity-wise Revenue during Commodity-wise Traffic and Revenue Analysis: Zone-wise Share of Freight Traffic in (%) Zone-wise Share of Freight Revenue in (%) Zone-wise Analysis: Traffic during and Zone-wise Analysis: Earnings during and Zone-wise Analysis: Freight Earnings Freight Traffic Projections Trends in Passenger Traffic of IR during to Trends in Passenger Earnings of IR during to Passenger Traffic during 2015?16 Passenger Earnings during 2015?16 Class-wise Passenger Traffic and Earnings during and Total Allocation under Plan Head Passenger Amenities by MoR Passenger Traffic Projections Container Traffic of IR during to Container Freight Earnings of IR during to Zone-wise Share of Container Freight Traffic (%) Exim and Domestic Container Traffic Movement during and (mt) Exim and Domestic Container Traffic Movement during and (mt) (April-November) Growth in Exim and Domestic Container Traffic (%) Traffic Performance during (mt) Container Traffic Growth Projections for IR till Growth Trend in Rolling Stock of IR Trend in Acquisition of Wagons Trend in Acquisition of Electric Locomotives Trend in Acquisition of Diesel Locomotives Trend in Acquisition of Coaches Budget Allocation for Rolling Stock Zone-wise Plan Expenditure for Rolling Stock Capacity Utilisation of Production Units LHB Coaches - Production by RCF LHB Coaches - Production by RBL LHB Coaches - Production by ICF Growth in Route km Average Gauge-wise Split of Route km during Growth in Running Track Growth in Total Track Trend in Development of New Lines Trend in Gauge Conversion Trend in Line Doubling Trend in Electrification Track Renewal Targets and Achievements Segment-wise Ongoing Projects Share of Important, Major and Minor Bridges Growth in Total Railway Bridges during Age Profile of Existing Bridges (No.) Design Type-wise No. of Bridges Zone-wise No. of Bridges Budget Allocation towards S&T in past three years No. of Stations with Panel Interlocking (PI) No. of Stations with Electronic Interlocking (EI) No. of Stations with Route Relay Interlocking (RRI) Trend in Train Accidents on IR Type?wise Railway Accidents Number of Consequential Accidents by Zonal Railways Comparison of IR Accident Statistics with European Rail Systems Financing Pattern of IR's Plan Investment IR's Contribution towards Railway Safety Fund Allocation of Funds for Elimination of UMLCs IR's Plan to Eliminate UMLCs Year-wise Expenditure on RoBs/RuBs Zone-wise Details of RoBs under Construction Proposed Investment on Safety Growth of Railway Stations Category-wise Share of Stations Zone-wise Number of Stations Type-wise Notified PFTs Zone-wise Notified PFTs Year-wise Notified PFTs Status-wise Share of CFSs/ICDs Growth in No. of CFSs and ICDs during 2011 and 2015 State-wise Functional CFSs/ICDs State-wise Under-Implementation CFSs/ICDs Zone-wise Number of Stations Identified under the Adarsh Station Scheme Details of Funds Allocated under Plan Head Passenger Amenities Agency-wise Details of 197 MFCs Status of 163 MFCs under RLDA Zone-wise Finalised/Approved PFTs Role of DFCCIL and Indian Railways Year-wise Commissioning of Eastern and Western Freight Corridors Commissioning of BG Railway Lines in NER from FY Expenditure on Railway Projects in NER during FY2011?15 (Rs billion) Type-wise share of Upcoming Projects Details of Upcoming Projects Zone-wise Upcoming Projects Type-wise Share of Number of Projects Details of Projects Announced under Budget Projects for PMC to be Awarded Type-Wise Analysis of Under Construction Projects Investment Envisaged under Upcoming Projects Investment Envisaged during BWEL Financials (Total Income, Total Expenditure, Braithwaite Financials (Total Income, Total Expenditure, BSCL Financials (Total Income, Total Expenditure, Number of terminals/icds/cfss of CONCOR CONCOR Financials (Total Income, Total Expenditure, DFCCIL Financials (Total Income, Total Expenditure, IRFCL Financials (Total Income, Total Expenditure, E-tickets Booking Details of IRCTC E-tickets Fare Details of IRCTC IRCTC Financials (Total Income, Total Expenditure, Ircon Financials (Total Income, Total Expenditure, KRCL Financials (Total Income, Total Expenditure, MRVCL Financials (Total Income, Total Expenditure, PRCL Financials (Total Income, Total Expenditure, RITES Financials (Total Income, Total Expenditure, RailTel Financials (Total Income, Total Expenditure, RVNL - Distribution of Project Length RVNL Financials (Total Income, Total Expenditure,

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