Page 43 - CO April 2017 Full Issue

Powered by COVER STORY interaction Delhi Metro Underground Section implementing Incremental launching and construction support of all stake holders including the full span ‘U’ girders to fast track the erection Being capital intensive, metro rail Government and Government subsidiaries of superstructures and elevated corridors construction requires massive funding like Land Authorities, Trafc Regulators, with minimal hindrance to road users. L&T which often proves to be the biggest Utility Providers, etc. Since ROW and is also a leading contractor for Traction stumbling block for the expeditious constraints of land acquisition, utility and E&M works that involve installation execution of projects. Globally, the metro diversions and traffic diversions are the of Flexible and Rigid Overhead Catenary projects are viable because they are built biggest road blocks, we feel that the Electrifcation apart from Signalling and with public funding. In India, projects Ministry of Urban Development should Telecommunication including Automated are being awarded both on EPC and PPP direct the metro rail authorities to possess Fare Collection systems. models. Although the Hyderabad Metro at least 75 – 80 per cent land with Right that we are executing is the largest metro of Way cleared, Utility Clearance Permits Provide us a brief idea of the existing project on a PPP model, we prefer such and Trafc Diversion Permits before issuing market opportunities and your strategy projects on EPC model because: the ‘Notice to Proceed’ to contractors. to tap those going forward? • Higher construction costs lead to Compensation mechanisms, in case of I have already shared the two major increase in project prices delays especially those which are of no fault reasons for the boom in India for the • Capped fares of the contractors, should be explicitly construction of metro rail systems. L&T, • Unattractive IRRs (Internal Rate of mentioned in the contract to protect the as an organisation, is well-placed to Return) interests of contractors. capitalize on these opportunities as we Non-availability of ROW (Right of Way) are in the EPC space and our design and and constraints in land acquisition are other Detail us with regards to the latest execution capabilities give us an unique factors that are constant irritants in the way technologies like construction equipment, and competitive advantage. Going forward, of quick and speedy execution of metro rail software, building materials etc., your we will be able to offer comprehensive projects. company is using in metro rail projects. metro rail construction solutions with our Metro rail systems can either be over-ground expertise in Civil, Mechanical, Electrical What sort of support or policy changes are as in the case of Hyderabad Metro, which and System integration. you expecting from the government with is totally elevated, or underground or a regards to metro rail projects execution? combination of the two as in the case of Please detail us the challenges faced by Metro rail construction logically being Delhi Metro. companies such as yours in metro rail a requirement in Urban Areas, needs Metro structures have to be sturdy aPrIL 2017 |construction opportunities 45