Projects Details

#	Project Name	Project Cost	Status
1	Katosan- Becharaji- Chanasma- Ranauj (65 Kms) line Gauge Conversion project	528Cr/798Cr	-> Project sanctioned by Railway Board in Sept’18. Project SPV namely BRCL incorporated. -> EPC Tender at Rs 487 Cr. Invited with Bid due Date 03.06.2019. Technical proposals opened on 04.06.2019, Technical evaluation of bids under progress -> PMC tender at Rs. 11.5 Cr Invited with Bid due date 28.08.2019
2	Arnej – Tarapur (45.62 kms) & Sanand-Moraiya (8.5Kms) New BG line Project On Bhavnagar & Vadodara Division of Western Railway, Gujarat	1103Cr	-> Feasibility cum Bankability study completed by Consultants E&Y LLP. -> G-RIDE has approached Railway Board to accord in-principle approval to G-RIDE for execution of this project by forming a project SPV under 100% Equity Model with GoG and MoR being principle equity holders in proportion of 51:49
3	Surat-Kosad- New Sanjali(DFC Station) -30 kms/ Gothangam-Panoli (29 Kms)	421.45 Cr	-> Traffic cum Financial Feasibility study completed by consultants Etude Services with project IRR coming at 14.72% . -> G-RIDE has approached Railway Board to accord in-principle approval to G-RIDE for execution of this project by forming a project SPV under 60:40 D/E Model with 10% Inflated Mileage with GoG and MoR being principle equity holders in proportion of 51:49
4	Ahmedabad-Rajkot Semi High Speed Rail System	22,000 Cr	-> G-RIDE has appointed Delhi Integrated Multi Modal Transit Systems (DIMTS) for conducting preliminary studies for the proposed project. -> Project proposal has been presented before Hon’ble CM, Gujarat.
5	Bhuj-Naliya-Vayor-Koteshwar (164.76Km) New BG Line Project	415.74 Cr	-> G-RIDE Consultants M/s. Aarvee has conducted financial viability of entire project of Bhuj-Naliya-Vayor-Koteshwar (164.76Km) as a single project on JV Model. -> Keeping in view Project IRR for combined project at 8.57%, G-RIDE is approaching Railway Board to explore the possibilities to undertake the entire project either through existing Project SPV (with RITES, Shapoorji-Pallonji and PCM Cements as existing Stakeholders) or by formation of new Project SPV with G-RIDE being one of the stakeholders with minimum 26% equity stake.
6	Bedi Port Last Mile Connectivity Project: Windmill Station to old Bedi Port (Phase-1: 3.03 Km), Rail Connectivity to New Bedi and Rozi Port (Phase-II: 11.32 Km)	P-I: 44Cr. & P-II: 150Cr	-> Gujarat Maritime Board (GMB) along with its agency Sagarmala Development Company has expressed its in principle approval as equity partners in project SPV to undertake the proposed project. -> G-RIDE is in the process of obtaining in-principle approval from Railway Board to allocate the project & form a project SPV jointly with GMB & Sagarmala Development Company.
7	Nargol Port Last Mile connectivity (approx. new BG line 23 kms)	181 Cr	-> GMB has advised G-RIDE to undertake Financial/ Technical feasibility study for proposed port connectivity project vide letter dated 22.03.2019. The same is being pursued by G-RIDE.