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Public Bike Sharing Sytem | CEPT - Portfolio

C V Swathy

UM4002-3

Public Bike Sharing Sytem

As one of the few cities in the country that has facilitated Public Bike Sharing Systems for its citizens, Ahmedabad City has yet to fulfil its vision of making PBSS an efficient first- and last-mile connectivity ecosystem. Thus, through incentivizing and penalizing contract bundles with the government, the proposed model enhances the existing service delivery mechanism and increases ridership. For investors, operators, and regulators, a revenue model has been developed to forecast the critical investment and return for implementing an upscale of the existing public bike-sharing service.

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An Introduction to Ahmedabad's mobility characteristics - The different modalities of transportation adapted by the people in the city.

Study of major Public Bike Sharing Systems in India and a detailed overview of 'AMDABIKE' the flagship program of Ahmedabad smart city.

Existing Procurement Model - The permit based system and its areas of improvement

The vision, objective, and organizing idea of the new procurement model are developed to encourage inclusivity and increase first- and last mile connectivity by promoting the public bike sharing system as a mode of public transportation.

The model is an innovative one as a succeeding step for Ahmedabad to upscale and regulate the existing permit-based PBS system. The essential formulation of this model is woven into the tapestries of four specialized private stakeholders bound through incentivizing and penalizing contract bundles with the government.For autonomous and faster decision making, the Smart city Limited has been entrusted to regulate the city's PBS system.

After various stakeholder consultations and identifying potential investors, an equity-backed debt securities model was developed where municipal bonds could be leveraged against private investment.  Hence the entire project would be funded through this private investment. An already existing special-purpose vehicle (Smart city) is entrusted with monitoring and regulating the system, which could help establish a Laissez-faire economy.As we are envisioning a system with multiple stakeholders involved in providing the soft and hard infrastructure, a consortium has been formed, and will be operating under the BOOT contract.

The contract bundling strategy is employed for Private Operators, Marketing Agencies, and Third-party Inspection Agencies that monitor all three private vendors and their modalities.

The mitigation strategy for the foreseen risks in the proposed procurement model is discussed along with the financial feasibility study.

Phased implementation strategy for the proposed procurement model.

A profile of the expected increase in user perception of service delivery through the proposed procurement model, including key stakeholders, resources, and financial models along with the value proposition the model offers to the city.

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