Airport Express Metro Line: Infrastructure Project Financing and Implementation Through Public Private Partnership Harvard Case Solution & Analysis

The case describes the delivery of urban public transportation project through a public-private partnership (PPP). Delhi Metro Rail Corporation (DMRC) was a corporate body established by the Government of India and the Government of National Capital Territory of Delhi (Delhi NCT) for the implementation of the mass rapid transit system (MRTS) in Delhi. Dr. E. Sreedharan was appointed Managing Director of the corporation. DMRC has successfully completed the phase-I of the MRC in 2006. In addition, the government mandated DMRC to implement the phase-II of the project MRTS. The Japan Bank for International Cooperation (JBIC) has provided soft loans for both phases of the project, which have been implemented and put into operation with the usual engineering and procurement contracts (EPC). Meanwhile, the city of Delhi has received a mandate for XIX Commonwealth Games 2010. In preparation for these games, connecting New Delhi Railway Station to the Indira Gandhi International (IGI) airport with the metro system - Airport Express Metro Link (AEML) - has become indispensable for the relief of congestion in the city. AEML time line for the project was less than three years. At the same time, JBIC financial assistance was not available for this project. Dr. Sreedharan, so have problems financing the project and its timely delivery. In the recent past in India, public-private partnership (PPP) in infrastructure development have emerged as the dominant model in relation to its specific desired characteristics. The case discusses the various options available to the DMRC for project financing and timely completion of the project AEML mode PPP. "Hide
by Hukam Singh Chaudhary, Sushil Kumar, Vijay Aggarwal, Gita Bajaj Source: Richard Ivey School of Business Foundation 6 pages. Publication Date: November 25, 2011. Prod. #: W11529-PDF-ENG

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Airport Express Metro Line: Infrastructure Project Financing and Implementation Through Public Private Partnership

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