Gujarat International Finance Tec-City (GIFT) proposal in India - PRT ...

Gujarat International Finance Tec‐City (GIFT)Presentation atRegional lBest Practices SeminarManila, Philippines129 – 30 April, 2009

Need for Finance City in India• Following sectors have been acknowledged as high growth for India:• Financial Services• IT/ITeS• BPO/KPO• As per McKinsey Study by 2020, :• The sector could provide a potential 10 million to 11 million jobs• About 800 mn sq ft of office space• GDP contribution could outperform at a rate of 15 to 20 per cent• Opportunities are constrained:• Infrastructure t bottlenecks• Overcrowded Cities• Solution: Setting up Self‐sustaining Cities33

Need for Finance City in India“If India builds anInternational financialcenter, with suitable rulesand regulations theearnings out of financialsector exports will surpassthat of IT”– Percy Mistry, (Fmr) World Bank44“Offshoring industryneeds at least fivenew ‘Gurgaon’ andfive to seven new‘Pune plus’”– Nasscom–McKinseyreport

Financial Services Opportunities5• Gujarat has Potential to Access a Large Financial Services OpportunitySr.No.Financial ServicesEstimated Noof fJobs(Thousands)Year 20201Financial Services Operations 125-150CoreFinancial Services Corporate2 Financial100-125CentreServices3 Select Product Markets 10-154 Capital Markets & Trading 2-45 IT for Financial Services 200-2252256 ITeS for Financial Services 75-100Total 500-600An additional 5,00,000 indirect jobs is expected to be created by 202055

Gujarat International Finance Tec‐CityTransport‣ Gujarat International Finance Tec‐City Company Limited(GIFTCL) incorporated in June 2007‣ 50: 50 Joint Venture between‣ Gujarat Urban Development Co. Ltd. (GUDC) and‣ Infrastructure Leasing and Financial Services Ltd. (IL&FS)‣ Share Capital: Rs. 5 Cr and PDF of Rs. 40 Cr‣ Management‣ 4 Directors nominated by Government of Gujarat‣ 4 Directors nominated by IL&FS‣ 4 Independent Directors66

Location of GIFT‣ 12 km from Ahmedabaddbd‣ 8 km from Gandhinagar‣ GIFT Area: 550 acres77

Master Planning8‣ 30 Building Blocks‣125 Buildings‣3 Landmark Buildings above 350 mt‣27 Buildings above 150 mt‣46 Buildings above 100 mt‣3 Schools‣200 Bed Hospital‣4 Hotels (~2500 rooms)88

Landmark Buildings534465 Diamond Tower12River front213Convention Centre4Gateway Towers5Transit Node996Crystal Tower

Diamond TowerPlot Area (Sq. Mt) 28,628Total Area (Sq. ft) 4,286,056- Above Ground (Sq. ft) 2,721,372- Below Ground (Sq. ft) 1,564,684Max Height in Meters 405Max No. of Floors 86Building UseOffice withsupport facilities1010Package – D / Diamond Tower

Gateway TowersPlot Area (Sq. Mt) 39,864Total Area (Sq. ft) 7,184,602- Above Ground (Sq. ft) 5,356,978- Below Ground (Sq. ft) 1,827,624Max Height in Meters 350Max No. of Floors 75Building UseOffice withsupport facilities1111Package – C / Gateway Towers

Transit NodePlot Area (Sq. Mt) 28,628Total Area (Sq. ft) 4,286,056- Above Ground (Sq. ft) 2,721,372- Below Ground (Sq. ft) 1,564,684Max Height in Meters 231Max No. of Floors 55Building UseHotel, Office&Commercial1212Package – G / Transit Node

Crystal TowersPlot Area (Sq. Mt) 45,390Total Area (Sq. ft) 8,484,407- Above Ground (Sq. ft) 6,502,149,- Below Ground (Sq. ft) 1,982,258Max Height in Meters 276Max No. of Floors 65Building UseOffice withsupport facilities1313Package – H / Crystal Towers

Convention CentrePackage – W/Convention Centre/ MuseumPlotArea(Sq. Mt)Total Area(Sq. ft)Above Ground(Sq. ft)BelowGround (Sq.ft)MaxHeight inMetersMax No. ofFloorsBuilding Use214,550 6,545,388 3,548,233 2,997,165 65 16 ConventionCenter** Musuem, Auditorium, Cultural Center, Exhibition spaces 14 with Support Facilities14

River FrontPackage – V1 / Dream RiverPlot Area(Sq. Mt)TotalArea (Sq.ft)AboveGround(Sq. ft)BelowGround(Sq. ft)Max Heightin MetersMax No. ofFloorsBuilding Use31, 540 2,493,662 216,333 2,277,329 17 4 Recreational Placewith support facilities1515

The GIFT Real Estate Component comprises Office, Service and Residential facilitiesGIFT Land use (in %)19%37%BUA ComponentArea (MillionSq.Ft.)*In %Residential 20.94 23%11%Residential+ CommercialGreen space + Water bodiesPSPTranspotationCommercial 54.0 5 60%Hotel 2.05 2%Retail 4.78 5%Public Building 7.49 9%Recreation 1.02 1%Total 91.2 100 %For ~91 Mn. Sq.Ft., balance area is basement5%33%Built-up Area2% 9% 1% 23% ResidentialCommercialRetailHotelPublic BuildingsRecreational60%1616

Compared to the best CBD’s of the worldParis La Defense Tokyo London Pudong GIFTParis LaDefenseTokyo London Pudong GIFTLand use Scale (sqkm) 1.6 1.6 1.05 1.7 2.04Constructionti 25 2.5 mn 16 1.6 mn 11 1.1mn 45 4.5 mn 848 8.48 mnScale(sqm)Floor-area Ratio 1.56 1.00 1.05 2.65 4.13Greenbelt (sqm) 40,000000 120,000000 50,000000 363,500 517,821Height (m) 200 250 250 490 4051717

GIFT Infrastructure Development OverviewCore Infrastructure‐ Site Development‐ Landscaping‐ Maintenance SystemsTransportation & Utilities‐ Roads and Transportation‐ Water Systems‐ Waste Management Systems‐ Power Generation and Distribution‐ District Cooling System‐ ICT‐ Domestic Gas Distribution1818

Transportation …………………………………………………………. (1/8)TRANSPORT CONNECTIVITY‣Direct Access fromall directions‣Extension of BRTSto GIFTExternal planned Road Network for GIFT connectivity‣MRTS PlanEXTERNAL ROAD CONNECTIVITY1919• External Connectivity at 6points• Grade Separators tosupport the network• Proposed RoW: 60-80m

Transportation ………………………………………………………. (2/8)Extension of BRTS uptoGIFT CityBRTS Extension –37 kmPHASE 12020

Transportation …………………………………………………………… (3/8)• Additional link of 25 kmbetween GIFT, Airport,Ahmedabad and Gandhinagar• Transport Demand Generatedby GIFT between Ahmedabad& Gandhinagar• 2.5 lakhs trips per day one wayby Year 2012THALTEJ• 5 lakhs trips per day one way byYear 2018KALUPUR2121

Transportation ……………………………………………………………. (4/8)TransportTRANSPORT VISIONTRANSPORT ELEMENTS‣Segregating vehicular & pedestrianmovement to maximum‣Modal Split of 10:90 between privateand public transport‣Walk to work concept‣Aiming Zero Fatal Accident City‣Transit Oriented Development‣Surface Roads (2/4 lane –14 km)‣Recessed Roads ‐ underground (15.55km)‣Intelligent Transport System‣ 210 CCTV Cameras‣ 96 HR Cameras2222Recessed Road

Transportation ……………………………………………………………. (5/8)23PARKING HUBSGIFT Building Basements:Total Car parks capacity 85,000 cars• 4 External Parking Hubs:• Total capacity of 30,000000 cars■LOGISTIC HUBServe to receive – store – distribute supplies tothe cityLogisticCentre■ Area = 12 acreCapacity : 800 ton■■Located at junction of NH8 & main arterialroad to GIFT3 Lane entry/exit road with lay bye from NH8NH 82323

Transportation ……………………………………………………………. (6/8)Living Bridge:‣The ‘Living Bridge’ would have a length of 600 m,8 lanes of divided carriageway with verticalsegregation of public transport and pedestrianwalkway2424

Transportation …………………………………………………………. (7/8)Signature Bridge:‣The ‘Signature Bridge’ would be approximately550m in length , have four lane dividedcarriageway with footpath on either sideTunnel:‣Total Length of Tunnel – 800m2525

Transportation …………………………………………………………. (8/8)PRT – PERSONAL RAPID TRANSPORTInnovative Technology■ Automatic personal transit service■ Intelligent vehicle■ Available on demand 24 x 7■ Dedicated guide‐way network■ Non stop travel direct to destination■ Stations are offlineTransport2626Video

Water Source, Promenade and Water Front Development‣ Total Water Requirement : 20 MGD‣ Water Sources:‣ Narmada Main canal‣ Recycling and Reuse of Wastewater‣ Rainwater Harvesting‣ GIFT Master Reservoir‣ Concept of Zero Discharge City‣ Perennial Water Front ensured throughconstruction o of three eebarrages ages on river Sabarmatiat‣ Proposed Landscaped promenade at the riverbank along GIFT2727

Sewage treatment3 STAGESStage I: Primary treatmentScreening and DegrittingConcept of Zero Discharge CityStage 2: SecondarytreatmentIncludes biological processto remove organic matterand BODStage 3: TertiarytreatmentPolish the treated sewageafter secondary treatmentto bring the water qualityup to the level of reuseSewageTreatmentPlant38 MLD (8.44MGD) capacityMdl Modular DesignRecycled Water UseTreated Water would be used for Flushing,Landscaping and as Make-up Water for ACCooling Towers2828

Solid Waste ManagementProjected Waste Quantity of GIFT: 488 TPDMinimize impact on environment, human intervention, spacerequirement, impact on health hazardAutomatic Collection and Transportation System111223 31. The waste is thrown into a disposal chute2. Computer controlled access3. Waste sucked through pipes at a speed of 90 km/hrPlasma Technology would be used for Waste Treatment2929Video

Power‣ Planned Captive Power Plant Capacity‐ 1000 MW‣ Underground cabling for power distribution within the area of GIFT‣ Substation and Distribution Automation‣ Indoor substationReliability – 99.999% which meansoutage of 5.3 53minutes/annum1. MRSS (Main Receiving Substation) 2 nos.2. UG (Underground cabling system) 584 km.3. ASS (Area Sub station) 14 nos.4. PSS(Package Substation) 850 nos.5. CCR ( Central Control Room) 1 nos.Power Distribution Network in GIFT3030Central ControlCentre

District CoolingCentralized Air Conditioning System• Conventional AC System not Required• Efficiency through economies of scale• Reduces energy costs by 30%• Reduces maintenance costs• Improves air quality and temperature control• Reduces noise and vibration• Total Capacity : 3.25 Lakh Ton3131

Service TrenchesIntegrated t dUnderground dService Trenches• 7.5 Km in length,6.5 mt height andwidth varying from 24 to 36 mts• Supply of services in a sub‐surfaceregular grid• Buildings to tap in the grid whereverrequired• All services housed in variousdivisions i i of sub‐surface ditch• No service lines aboveground• Alternate sources & technology to beused for resource management –water & power in particular3232

Service TrenchesIntegrated Underground Service Trenches3333

Information and Communication Technology (ICT)• GIFT Occupants would have access to following ICT ServicesInfrastructure Platforms Services•High Speed Fibre *Network•Diverse Local andInternationalConnectivity•Pervasive Wireless andMobile Network•Data Centres•Financial Extranets•CUG to Exchanges•Voice•Industry SpecificPlatforms•City e‐Portal•Sensor Networks•IPTV Internet Gateway* About 8000 km fibre ( equivalent to Ahmedabad – Chicago Distance! )•Data•Voice•Wi‐Fi•Tier‐4 Data Centres•Business Continuity•Security•High Speed InternetAccess•Monitoring3434

Information & Communication Technology (ICT)35GIFT will exceed the ICT capabilities of comparator citiesOvertaking"Place"Triple PlaySmartFasterCompetitiveBuildings Set‐upServiceProvisionAll FibreMobile/WirelessTradingSub SeaDataPlatform Connectivity Centre1 GIFT2345678910DIFCDICSONGDONew WTC –New YorkCanary Wharf ‐ LondonPudong ‐ ShanghaiLa‐Defense ParisSingaporeLondon Stock Exchange11 New York Stock Exchange12TokyoSource: Study by British TelecomPoor Reasonable Excellent Not Applicable3535

Construction Work Force Development‣ 20,000 workers can be employed during construction at peak‣ Specialized workforce required for‣ Construction of tunnel & Under ground roads‣ Construction of building having height of 300 ‐ 400 Mt‣ Specialized experts for Survey, Quantity & Lab testing‣ Installation of huge Glass work/facades‣ Meetings held with various stakeholders for skill set development of constructionworkforce‣ State Government to strengthen ITI’s‣ A separate institution to be set up for specialized construction work force3636

Talent Development Road Map‣ Talent Development and Preference Study was undertaken by Hewitt Associates.Following Talent Development Road Map is recommended to match the growingTalent Demand in the State of Gujarat.Nodal Agency• To act as integrator for all Talent Development Initiatives• To Liaise with Education Department and Universities• To Create of Long Term Talent Development PlanFinishing Schools– Industry Specific Short Term Courses for Fresh Graduates as Interim SolutionTraining Schools– Skill Augmentation Courses for Specific Domains for Entry & Middle level Management TalentEducation City Development– Development of Education City that would offer Courses to ensure Sustainable Supply of TalentSchool Education Infrastructure Development– Development of School Education Infrastructure in the State to ensure Long Term Talent Availability3737

Project Cost and StructuringTotal Estimated Project Cost : Rs. 70,270 CrCore Infrastructure User Pay Utilities Real EstateRs.10,475Cr Rs. 25,021 Cr Rs. 34,774Cr• Site Development• Landscape• Roads• Storm Water Drainage• River Training• Power Generation• Power Distribution• Waste Mgmt tSystem• District Cooling• Gas System• ICT• Parking System• Office• Commercial• Residentiali • HotelsTo be developedby GIFTCLPPP basiswith ih26%equityby GIFTCLTo be developed byoccupiers /developers3838

Means of FinanceSource of FundRs. CroresGIFT Unit Fund 12,426Strategic Investors 5,555Debt 17,514Developers 34,774Total 70,2703939

Implementation• Phased: 1 st phase 20m sq feet• Core infrastructure 3000 crores• Agreement with IL&FS to build 7.3 m sq’• Design development for coreinfrastructure completed• Proposed bond issue by June end4040

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