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Business Economy


DFCCIL comes up with new PPP variant to develop 374 kms Sonnagar-New Andal section at Rs 12,000 crore

New Delhi, Sep 23 (UNI) Dedicated Freight Corridor Corporation of India (DFCCIL) has come up with a new variant of PPP to lower the risk for concessionaires taking up the development of 374 kilometres Sonnagar-New Andal section at an estimated cost of Rs 12,000 crores.
Under the proposed Design, Finance, Build, Operate and Maintain & Transfer (DFBOT) model of Public Private Participation (PPP), the DFCCIL would provide grants during the construction period and take over the risks of traffic and tariff. It will take the responsibility of land acquisition, utility shifting and statutory clearances besides a clutch of statutory clearances.
The concessionaire would be responsible for design, construction, finance, and operations & maintenance of the project.
The DFCCIL has held three stakeholder consultations on the proposed development of the section and over 40 participants including MNCs, banks and financial institutions joined the virtual and in-person meetings. Some of the big names include World Bank, ADB, NIIF, Tata projects, Adani group, L&T, GMR group and Siemens.
"A PPP model has been formulated which is best suited and is envisaged to be a win-win situation for the concessionaire as well as DFCCIL to make the mega project, one of the first projects over Indian Railways on PPP mode, successful," said a DFCCIL note.

The success of this project will be a path breaker for similar projects on the PPP model for Indian railways.
The Sonnagar-New Andal section is expected to serve major power houses, industrial corridors and Multi-Modal Logistics Parks (MMLPs) in Haryana, Punjab, Delhi, and Uttar Pradesh.
Increasing trends in finished steel consumption and production would drive growth of steel traffic on the route.
Further, to attract more traffic and achieve targeted rail share of freight, DFCCIL plans to develop MMLPs, sidings and feeder routes for last mile connectivity along the section alignment.

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