Tamil Nadu Urban Infrastructure Financial Services ... - Municipal
Tamil Nadu Urban Infrastructure Financial Services ... - Municipal
Tamil Nadu Urban Infrastructure Financial Services ... - Municipal
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10.1.5 Assets<br />
The addition to assets is as per the Capital Investment Plan given below<br />
Exhibit 10.4 Capital Investment Plan<br />
2008- 2013- 2018-<br />
Segment 2008 2009 2010 2011 2012 12 17 27 TOTAL<br />
Water Supply 187 1,617 1,617 1,617 1,617 6,657 14 303 6,974<br />
Sanitation 25 811 915 894 - 2,645 138 15 2,798<br />
Solid Waste Management - 631 - - - 631 145 157 934<br />
Transportation and street lights - - 127 127 113 367 197 887 1,450<br />
Others 63 - 40 70 30 203 190 200 593<br />
<strong>Urban</strong> <strong>Services</strong> for the poor - 526 526 526 526 2,105 2,105 - 4,210<br />
TOTAL 275 3,586 3,226 3,235 2,286 12,608 2,789 1,562 16,960<br />
10.1.6 Liabilities<br />
The <strong>Financial</strong> and Operating Plan allows for 3 types of loan – short, medium and long term. The<br />
assumptions relating to loans are given below:<br />
Exhibit 10.5 Loan related assumptions<br />
Segment Type of loan<br />
Water Supply Medium term<br />
Sewerage and Sanitation Long term<br />
SWM Medium term<br />
Lighting Short term<br />
<strong>Urban</strong> <strong>Services</strong> to poor Long term<br />
Others Medium term<br />
Type of loan<br />
Tenure<br />
years<br />
Moratorium<br />
years<br />
Interest rate<br />
%<br />
Long 20 5 9<br />
Medium 10 3 10.5<br />
Short 8 2 10.5<br />
10.2 Estimation of borrowing capacity and investment capacity<br />
We have arrived at the borrowing capacity based on the Income and expenditure projections including<br />
debt servicing of existing loans as of FY ending 2005. We have arrived at the borrowing capacity of<br />
Krishnagiri as the minimum of<br />
NPV of 30% of revenue projections and<br />
NPV of 50% of operating Surplus projections.<br />
As part of the FoP, we have also prepared project specific cash flow projections for the proposed<br />
water supply and underground drainage projects, apart from consolidated financial projections.<br />
CCP cum BP - Krishnagiri <strong>Municipal</strong>ity 86