Monday, February 24, 2020
Our Parents Affect Us Essay Example | Topics and Well Written Essays - 1250 words
Our Parents Affect Us - Essay Example His aunt who was a devout Christian raised Hughes; she encouraged him to attend church proceedings so that he could be saved. Hughes narrates how his aunt told him that extraordinary things would occur in his life after he gets saved. He attends the revival church service where his aunt Reed worshipped so that he could experience the unusual feeling. Prior to the service, his aunt had advised him that he would experience ââ¬Å"something on the inside and he would see the lightâ⬠Hughes was anxious about experiencing the everlasting light of Jesus Christ (Yagelski, Amy & Robert 224). He attended the church service with the expectation of seeing the light physically. However, this does not take place because he was waiting for Jesus to appear and encourage him to join the rest of the children on the altar. He is forced to join the rest of the children on the altar out of peer pressure. Deep down he thought salvation was something physical not an inside feeling. He pretends to hav e experienced salvation to please his aunt. The impact of the words of our parents can be massive. Parents are the adults children look up to. Therefore, anything they tell their children is assumed to be true. Even when the words or stories told present some gaps the children perceive the words of the adults as something not to be questioned. Hughes believed the words of his aunt and when the anticipated feeling did not occur he was afraid to question his aunt and opted to lie. Hughes experience in ââ¬Å"salvationâ⬠is similar to many other experiences of children. Children tend to comprehend the words told by our parents plainly. They believe that something will happen for real and not through imagination. Parents do not know the children fathom things that way; therefore, they keep on telling them fantasy stories that they understand as being true. Most of the time, the words of our parents influence our decision-making. Even though children do not comprehend all that their parents say when they are young. They pretend to understand so that they may not disappoint their parents. This is why Hughes pretended to be saved - he wanted to make his aunt happy. Maxine Hong Kingston is another victim of the impact of parents in ââ¬Å"No Name Womanâ⬠. The stories told by our parents are meant to nurture our growth and ensure we behave properly (Yagelski, Amy & Robert 87). Parents fail to understand the fantasy developed by children because of the story or narration. For instance, Kingston is a young Chinese woman approaching adolescence; the mother is afraid of the impact of adolescence that may befall Kingston. Kingstonââ¬â¢s mother tells her a story to frighten her and ensure she respects traditional morals and ethics, but many things go through the daughterââ¬â¢s mind; she tries to imagine the possible ways that her auntââ¬â¢s misfortune happened. Kingston develops an imagination of what might have happened to her aunt. She kept on wondering what led to the suicidal decision of her aunt. Children have the tendency of developing similar fantasies from the stories told by parents. They tend to fill the gaps not answered by parents. The imaginations are developed because the stories told by parents are not fully imaginative; therefore, the children develop their own fantasy world to fill the gaps. The imaginations can go as far as Kingstonââ¬â¢s imaginations. She keeps on wondering if her aunt was miserable because of the
Friday, February 7, 2020
Ethics JournalJournal Assignment Example | Topics and Well Written Essays - 250 words
Ethics JournalJournal - Assignment Example In this case, taking care of the patient is the right thing to do. In the above situation, intentions are important in a moral life because actions are not just based on their outcomes but on the intentions. In this case, the intention of the nurse is to make the patient comfortable and treat him equally like any other human being. Although the patient will eventually die, the nurse has a duty to treat the patient without focusing on the final outcome. Therefore, intention is what guides action, not the consequence. Treating a person with respect involves recognizing his value as a human being, and treating him with a high degree of politeness and courtesy. It involves restraining from any conduct or actions that could either degrade or harm the person (Rich & Butts, 2013). This also involves respecting the ability of a person to make independent decisions about himself and his life. However, a person may not be treated with respect for purposes of restoring order and justice. This may also be done in order to punish the individual for wrongs committed. A person may not be treated with respect if there is the need to discipline such a person. Rich, K., & Butts, J. (2013). Foundations of Ethical Nursing Practice. In K. Masters,à Role Development In Professional Nursing Practiceà (3rd ed., pp. 105-123). Burlington, MA: Jones & Bartlett
Wednesday, January 29, 2020
Psychology of Homer Simpsons Essay Example for Free
Psychology of Homer Simpsons Essay The Simpsons have been Americaââ¬â¢s phenomenal cartoon TV series that has a chilling resemblance to the typical family, if it would be viewed in a different angle removing the humour and exaggerations. The melodious opening song, Bartââ¬â¢s writing on the board, to the sofa antic just gives that tinge of spice to the expecting viewers. However, what usually catches the interest of the people is Homer. His credulous and sometimes sordid character ironically gives justice to the struggle of middle class families and perfectly depicts the role and challenges of a father who is facing the ordeals in the midst of a family crisis and his obligation as a citizen in the society. à A saying goes that the father is the homeââ¬â¢s foundation. If that foundation would be weak, the family will collapse and disperse on the ground. He is the one that stands firm amongst difficult adversities a family faces and would be the source of their hope. Homer Simpsons heavy stature and obsession with Duff beer seems to exclude him from this description of this sturdy foundation. In Season 1, episode 3, Homer lost his job in front of his son in the Nuclear Plant. He became the common bum. He would lie on the sofa all day long, doing nothing and with a blank stare at the TV set, while Marge is working at a fast food chain on roller skates. He came to thirst for beer, since he was sober for a while due to lack of finances. With humour he searched for any kind of source for income including Bartââ¬â¢s piggy bank and going that low ,which wasnââ¬â¢t even worth it because it wasnââ¬â¢t even enough for one beer, he then came to a realization of what he has become. He decided on taking his own life by throwing himself in a watery grave. With a boulder around his neck he walked slowly towards the river. This action exhibited manââ¬â¢s reaction in time of weakness and lost of sight for ones purpose in life. However, he still managed to oil the fence upon going out, showing his compulsiveness of taking care of his own home. At the river, on the last minute he was about to throw away his life, his family came to the rescue. However, it turned out that it was Homer who would rescue them in the middle of the intersection from a speeding vehicle, and that is with a boulder hanging around his neck. The instinct of a father protecting his family came in stronger than his human weakness. Then, it dawned on him that the town needs someone to uphold safety around the place. He found his silver lining among the dark clouds. He went against even with his boss, Mr. Burns, just to be able to completely eradicate the town of danger. Mr. Burns even blackmailed Homer of giving his job back if he would just turn back on his own words about the plantââ¬â¢s safety. Homer almost gave in but his principles were as sturdy as his love for his family and community. Although, like water looking for its way back to the sea, Homer still got his job back and was still able to uphold his principle. He became the plantââ¬â¢s safety man. The seemingly ignorant and weakling personality of Homer turned out to be actually a shallow shroud that clothes his inner strength that brought hope and respect not only from his family but from his community as well. He secretly became a beacon to their hearts. He just needed that chance to bring it out of him. à à à à à à à à à à à Fathers have always been the icon of providing for his family. Since ancient times, these men are the ones that bring home the slaughtered meal after a dangerous and tedious hunt. Nothing has changed ever since except for the barbarism. Nowadays, the head of the families would still need to ââ¬Å"huntâ⬠for their income in order to provide for their pecuniary needs. Homer Simpsons is the kind of employee that slack-off during work, taking unscheduled doughnut breaks and seemingly doing his job but not actually serious about it. A provider, yes that he could be, but a good one is a dubious fact. In the first episode for season 1, a Christmas special of The Simpsons, Homer established the answer to this question. Mr. Burns joyously announced to the intercom that there is an increase in the safety of the plant but unfortunately no Holiday bonus for the mid-level workers. It saddened everyone, Homer on the other hand was still thankful because they had a ââ¬Å"Christmas jarâ⬠that Marge has been keeping. But, little did he know that it was all spent on Bartââ¬â¢s surgery to remove the tattoo he just got. Upon entering the Simpsons home, he knew of the ordeal they are in. Marge had high hopes knowing that he had a Christmas bonus and Homer didnââ¬â¢t have the heart to break the news to his family, not with all those looks that are on tenterhooks. Homer, like our forefathers, hunted for a way to earn some extra income for his family, so that they wonââ¬â¢t have to miss Christmas. He found one as a mallââ¬â¢s Santa Claus. He kept it a secret from his family in order to keep his family from worrying and his dignity as well. In a particular scene, it showed Homer going home from his Santa training exhausted and bad enough his sisters-in-law made a visit. Homer never did like them but because of his love for Marge, he still tried to be cou rteous and said his hellos. The gentleness, like any beast or man has, had been placed above the brute that he was. However, Bart discovered his clandestine accidentally but they made a bond not to speak of it. When pay day came Homer only got a measly $13. He got really disappointed but Barney asked him to try his luck on a dog race and take the chance of doubling his earnings. Homer refused for he didnââ¬â¢t want Bart to grow-up with that kind of values. It was Bart who encouraged his dad to take the risk because he believed that miracles happen to unfortunate kids especially in Christmastime. Thus, father and son embarked on the journey to try their luck. But fate made a twist on Bartââ¬â¢s little hope for miracle. The dog they made a bet on lost and so did their measly hope for their Christmas gifts. Broken hearted they went home. However , with a twist of event, the dog ironically named Santaââ¬â¢s little helper, was booted out by its owner and as fate smiled on both unfortunate souls, they found refuge in the arms of one another. Homer brought home the dog and it turned out to be the best Christmas they ever had. Homer indeed provided but not with mere money but with the gift of love for his family. à à à à à à à à à à à A father is also a source of wisdom and guidance. He is not just the role model in a family but considered as his childrenââ¬â¢s hero. A fatherââ¬â¢s advice is treasured like nothing else and he is remembered with it even until his next life.à Homerââ¬â¢s clumsiness and ignorant responses are attitudes wherein a person wonââ¬â¢t dare to ask or even take an advice from. He would even sometimes strangle Bart whenever he catches him with his smart alecks. However, that is just a part of his comic act for humour sake. On episode 2 and 5, Homer exhibited the support, love and guidance an ideal father gives in spite of his once-in-a while shallowness. He gave his children a strong arm they can run to and a shoulder they can cry on. Homer handed down his advice as carefully as our forefathers handed down their gift of wisdom to the generations next to them. à à à à à à à à à à à Homer Simpsons is a comical proof of what human beings are in an ironic sense. Behind the humour and funny antics is the true father figure we have all known. He merely shows that there is always two sides of the coin, it could either be our bad or our good side. Homer Simpsons simply teaches us that we should never pass judgement to people by a mere look or by the way they talk, because their works and most of all their family might attest to their greatness above all. à à à à à à à à à à à à References Groening, M et.al Burkes,J. , Simon,S. (Producers). Copyright 1990. Gracie Films. Twentiethà à à à à à à à à à à à à à à à à à à à à Century Fox Film Corp.(Distributor).
Tuesday, January 21, 2020
Love in the Male Dominated Society of the 1800s in Hawthornes Rappaccinis Daughter :: Rappaccinis Daughter Essays
Love in the Male Dominated Society of the 1800's in Hawthorne's Rappaccini's Daughter "Rappaccini's Daughter" is a strange tale, kind of an early pseudo-scientific short story, that focuses on the life of Beatrice and her bizarre nature. The result of a twisted experiment, she must find happiness within the walls of a garden her father has created for her. Although her life depends on a fatal poison, she defines her soul as "God's creation, and craves love as its daily food" (2131). This paradox creates a powerful story as the mortal Giovanni falls in love with the deadly Beatrice. Insane love and harsh words end the story with the climactic suicide of a heartbroken girl. I saw this situation as being analogous to women's rights at the time. "Rappaccini's Daughter" was published in 1844, women couldn't vote in the USA until around 1920. This story was written in a time when women were generally victimized by the society they lived in. Rappaccini purposely introduces his only daughter to a poison filled, solitary life in the name of love. As he "spends his life in achieving a picture" (2131) Rappaccini forgets about the "miserable doom" (2132) he has inflicted upon his beloved daughter. This parallels the inflicted miseries women of the nineteenth century endured such as arranged marriages as well as many other paternalistic conditions placed in the name of love or safety. "Rappaccini's Daughter" was written two years after Hawthorne's marriage and during the same year of his first daughter's birth. The strange idea's brought forth in "Rappaccini's Daughter" are more easily seen when his position is put into perspective. As a father he knew that his daughter would be subject to the very restrictions he so skillfully illustrates in "Rappaccini's" as well as in "The Scarlet Letter". Could these stories be the imaginative musings of a frustrated father? Perhaps they were due to his own feelings after becoming a new groom. In either case both stories have a dominating theme of the oppression of women's sexuality, Beatrice's poison being that of society. Harsh consequences befall Rappaccini when he tries to control things he truly cannot, such as love and life. Would the same happen to Hawthorne is sought to exert as much control? The character of Rappaccini exemplifies perfectly the views held towards women in the
Monday, January 13, 2020
Robert Smithson
Robert Smithson remains one of the most influential and original artists of modern times who has had a major impact on artists of his generation, and continues to do so today. Smithson's provocative works, made in the mid-sixties to early seventies, redefined the language of sculpture. He was one of the founders of the art form known as earthworks or land art, and is most well known for the Spiral Jetty, 1970, located in the Great Salt Lake, Utah. This monumental earthwork was inspired in part when Smithson saw the Great Serpent Mound, a Pre-Columbian Indian monument in southwestern Ohio. The earthworks were a radical departure from making formal objects situated in a gallery setting. The Spiral Jetty embodied one of his goals which was to place work in the land rather than situated on the land. Smithson's earthworks defined an entirely original notion of landscape art. Dissatisfied with the art of this time, Smithson did not limit himself to any one form or style of art. He moved beyond modernism by abandoning rules and traditional art materials. Smithson defied convention and produced works that could not be easily categorized. He used non-traditional art materials such as language, mirrors, maps, dump trucks, abandoned quarries, hotels, contractors, and earth to produce his radical sculptures, photographs, films, and earthworks. PARTIALLY BURIED WOODSHED Kent State University, Kent, Ohio Jan, 1970 one woodshed and twenty truckloads of earth; 18'6â⬠³ x 10'2â⬠³ x 45â⬠² Smithson explored ideas involving decay and renewal, chaos and order with his Earthworks. He spoke at great length in interviews and essays on decay and his notion of time. Partially Buried Woodshed, 1970, Kent State University, Kent State, was a piece Smithson created on site during an invitational arts festival. He located an abandoned woodshed and poured earth on to the structure until it cracked. This work is a prime example of Smithson's personal ideas about the importance of decay and time, leaving it to be ââ¬Å"subject to weathering, which should be considered part of the pieceâ⬠. This quote is from a statement Smithson signed when he donated the work to Kent State University. Smithson developed a wide variety of photographic works ââ¬â none of which dealt with traditional composition. One such work, Spiral Jetty Film Stills, 1970, is a three-paneled work of black and white images that were taken during the making of the Spiral Jetty. Other photographic works incorporated collage with text or maps. His photographs are both artwork and documentation and are not traditional images of the landscape in artistic terms. In 1970 Smithson moved his work outside of the gallery walls to concentrate entirely on earthworks such as the Spiral Jetty, Partially Buried Woodshed and Amarillo Ramp. At this time a small group of artists were rethinking their ideas about art in relationship to the land. These endeavors in the land helped Smithson to explore chaos and order - how natural forces such as wind, rain, heat and cold, would affect the work over time. Nancy Holt, Smithson's wife and an artist in her own right, has said of the Spiral Jettyâ⬠¦ In its scale and ideas, this sculpture embodies the spirit of some of the great monuments of past civilizations yet it is wholly contemporary in concept and executionâ⬠. The earthworks enabled Smithson to express his ideas about art existing in the landscape, while simultaneously producing an art form that was non-commercial, existing outside of the traditional viewing spaces. It could not be owned or seen easily. The earthworks are known by most only throug h photographs. HOMEWORK TASK: Complete a conceptual framework analysis on a work of your choice created by Robert Smithson. DO NOT select an artwork that features in this booklet. A good place to start is: www. robertsmithson. com/index_. htm This is the official website of the artist. Once you have selected your work use the Internet to locate further information about the work, you will need this to complete your conceptual framework. Use the conceptual framework on the following page to record your information. Print an image of the work with a full citation which can be glued into your artbook.
Sunday, January 5, 2020
The Impact Of Military Aid From Other Types Of Foreign Aid
translated both into public or private goods. As a result, this increases the likelihood that influence attempt will succeed. This might distinguish the impact of military aid from other types of foreign aid since there is evidence that the success of influence attempt is negatively related with the size of winning coalition (Bueno de Mesquita and Smith 2009). The second factor that plays a role during negotiations is the issue itself. There is a debate in the literature regarding the effect of issue on bargaining process. According to one of the perspectives issue does not have much weight in defining how firmly actors will stand on their positions, since concession can be reached by providing side-payments (Fearon 1995, 382). However, Hensel et al. (2008) claim that certain issues (e.g. territorial) might be simply indivisible and, thus, no room for bargaining can exist. Influence process ends with success when R changes its behavior according to the requirements of S. Even though it is impossible to measure the bargaining power of actors in terms of some comparable units, hypothetically success is reached when bargaining power of S is greater than bargaining power of R. In contrast, failure of influence attempt occurs when Sââ¬â¢s bargaining power is less than of R. However, what if neither of them prevails? In this case on of the possible solutions would be to change the model of leverage. More specifically, S can change its policy from coercion to inducement in order toShow MoreRelatedThe Negative Impacts Of Isolationism And Isolationism In America1716 Words à |à 7 PagesFor years America has been seen as the worldââ¬â¢s hero swooping in and saving the day from foreign bad guys, or at least thatââ¬â¢s America sees itself as. To many other countries however America is often seen as the worldââ¬â¢s bully or just a nuisance. The United States has had many positive impacts on the world and those seem to over shadow the large number of negative impacts it has imposed as well. The world has been changed by the U.S. in both positive and negative ways, and this is due to the alternatingRead MoreThe United States Assistance During World War II1452 Words à |à 6 Pagesto provide foreign aid. The United States Federal Government should provide military aid because they have the status and resources to maintain global stability if not outright peace. The United States provided assistance during World War II and changed the course of the war for the better. The Department of Stateââ¬â¢s Office of the Historian, which is directed by Dr. Stephen Randolph, who is the Historian of the U.S. Department of State and has a masterââ¬â¢s degree in History of Science from Johns HopkinsRead MoreThe Determinants Of Successful Influence On The Success Of Arms Influence Essay1695 Words à |à 7 PagesI. Introduction Arms transfers are one of the foreign policy tools that are used to make a recipient comply with donorââ¬â¢s desires. Although the primary goal of such manipulations is to change a recipientââ¬â¢s behavior, not every attempt to do so ends up with success. Thus, defining the determinants of successful influence is one of this research strandââ¬â¢s central puzzles. Despite the fact that both international relations (Sislin 1994) and comparative politics scholars (Paul 1992; Tal 2006; Wheelock 1978)Read MoreAid to Africa: A Review of the Efficacy of International Aid to Sub-Saharan Africa1695 Words à |à 7 Pagesworld. Failure has arisen from the problematic nature of the administration of the aid. Traditionally, aid has come in the form of military aid, and large international financial transactions. Although these forms of aid have overall failing track records, targeted developmental assistance has been historically successful. 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In order to help others, you need to help yourself. Until every aspect of the United States is in order, we should not supply any other countries with help. The United States also has a failing public education system, citizens with food insecurities, and aging infrastructure. Giving aid can do more harm than good to a developing country. Instead of giving handoutsRead MoreCase Study : Bang For Their Buck Essay986 Words à |à 4 PagesThis leads to ineffective aid, wasted time and money, and a fundamenta l sense of distrust and disenchantment with the system of developmental assistance. Easterly further argues that our approach to foreign aid has been that of a ââ¬Å"Plannerâ⬠instead of a ââ¬Å"Searcher.â⬠Planners are full of good intentions, but they very rarely motivate others; they raise expectations, but shirk responsibility for meeting them; most importantly, they apply ââ¬Å"global blueprintsâ⬠to foreign aid that universally aim to solveRead MoreDoes The U.s. Have An Obligation Help Poor Countries?1607 Words à |à 7 Pagesan ââ¬Å"ethical obligationâ⬠the definition of those terms vary from person to person. No one is obligated to do anything, people feel obligated based on their own values and beliefs. Although the U.S. has a high gross domestic product and strong military, it still hasnââ¬â¢t been able to succeed in other areas. In order to help others, you need to help yourself. Until every aspect of the United States is in order, we should not supply any other countries with help. The United States also has a failing public Read More U.S. Military Aid - America Must be a Global Policeman Essay examples708 Words à |à 3 PagesU.S. Military Aid - America Must be a Global Policeman The United States military aid given to Kosovo raises many questions about the foreign affairs policy of the United States of America. Now the U.S. is sending its troops to Timor, a small island off the northern coast of Australia. The U.S. has sent marines to Australia to set up a command post for the troops that the United States will be sending to help with logistics, communications, and intelligence. Many critics believe that the U.S.Read MoreImpact of Us Aid on Pakistan Economy9402 Words à |à 38 Pagesââ¬Å"Impact of United States Aid on Pakistan Economyâ⬠A thesis Presented to The faculty of Management Sciences Bahria Institute of Management amp;Computer Sciences, Karachi In Partial Fulfillment of the Requirements for the Degree Master in Business Administration Abstract This research paper analyzes the effects of United States aid on the economic growth of Pakistan. The study uses annual data of last ten year for the period 2002-2012. The research study is conduct to check weather united state
Friday, December 27, 2019
Project Planning Management - Free Essay Example
Sample details Pages: 8 Words: 2454 Downloads: 8 Date added: 2017/06/26 Category Management Essay Type Research paper Did you like this example? Table of Contents Background Company Information Main Case Factors affecting sustainability Project Timeline Course Correction References Background As the population in cities increases, so does the number of vehicular trips made by people. As the road width is fixed at the time of city planning, the volume of traffic that can pass through is limited. The result is increasing traffic congestion in the city. Donââ¬â¢t waste time! Our writers will create an original "Project Planning Management" essay for you Create order This leads to increased commute time coupled with greater difficulty in commuting. Air passengers miss their flights stuck in traffic, ambulances have difficulty in taking emergency cases to the hospitals, and professionals reach late to office. Road rage, traffic accidents are some of the incidents experienced as commuters strive to reach their destinations at the earliest. A picture of chaos and lawlessness emerges; people become dehumanized to their environment. A pragmatic solution to problems of traffic is to discourage the use of private vehicles and encourage the use of public transportation. But it is easier said than done. Public transport has to be not only cheaper than private transport but also must be quicker/save time. Although modes like buses, auto rickshaws, bicycles may make economic sense, but they do not have any advantage in travel time over private vehicles. It is in this context that Mass Rapid Transit Systems (MRTS) come in. A rail base MRTS can be intro duced in any corridor where the level of traffic in any direction exceeds 20,000 persons per hour. However, MRTS are capital intensive and have long gestation periods. It is this reason why they have not been taken up on a large scale in many developing countries. The city of Delhi has experienced phenomenal growth of people (18 m) and vehicular population. Vehicular population increased from 5.62 lakh in 1981 to over 65 lakh today. About 1000 vehicles are added to Delhi roads every day. The heterogeneous nature of traffic has decreased vehicular speed. To cater to the needs of the public and to gear up the city for hosting the Commonwealth games in 2010, rail-based MRTS, named Delhi Metro was introduced in the city. With wide roads and ownership of most land with the govt., the city was suitable for introduction of rail based MRTS. Delhi Metro has had phenomenal success since its introduction in 2003. As airline travel grew rapidly in the early 2000s, the roads leading to the airports in most cities became congested. In Delhi, there were only a few buses that serviced the airport on route to and from other destinations. Further, Delhi was hosting the commonwealth games in 2010 that would increase the influx of tourists, spectators and media to the city through the airport. Therefore, to service such travelers, DMRC proposed to build a dedicated and high speed metro line, connecting the airport to the New Delhi railway station. The line would reduce travel time between the two places to 18 minutes from the 2 hours taken by road. This was the beginning of the airport express line. Company Information Delhi Airport Metro Express Private Limited was incorporated in 2008. It is a Special Purpose Vehicle (SPV) incorporated under the Indian Companies Act with joint venture between Reliance Infrastructure Limited and Construcciones Y Auxiliar De Ferrocarriles (CAF). CAF is also the technical partner and supplies the rolling stocks for the project. DAMEPL was awarded the contract on the basis of their highest quote for annual concession fees to be paid to DMRC. Reliance Infrastructure Ltd. held a 95 per cent stake in DAMEPL, with the remaining 5 percent held by CAF. Debt was arranged by the lead banker Axis Bank along with India Infrastructure Finance and eight other banks. The debt to equity ratio was 70:30. Corporate Identification Number U74210DL2008PTC176177 Name DELHI AIRPORT METRO EXPRESS PRIVATE LIMITED RoC RoC-Delhi Registration Number 176177 Company Category Company limited by shares Company Sub Category Indian Non-Government Company Class of Company Private Company Authorised Capital (in Rs.) 8,700,000,300 Paid up capital (in Rs.) 100,000 Number of Members(Applicable only in case of company without Share Capital) 0 Date of Incorporation 01 April 2008 Address 1 DELHI AIRPORT METRO EXPRESS DEPOT, NEAR SECTOR 8 Address 2 DMRC METRO STATION, SECTOR 21, DWARKA City NEW DELHI State Delhi Country INDIA Pin 110075 Whether listed or not Unlisted Date of Last AGM 20 September 2013 Date of Balance sheet 31 March 2013 Company Status (for eFiling) Active Main Case The Delhi Airport Express line was the first public-private partnership project in metro rail. The agreement was signed in 2008 between Delhi Metro Rail Corporation (DMRC) and Delhi Airport Metro Express Private Limited (DAMEPL). The 22.7 km line proposed to connect the New Delhi Railway station to the Delhi International Airport. The idea was to reduce the congestion on roads that led to the airport, and enable the passengers to continue their onward journey to/from the airport to the adjoining areas through the rail network. The DAEL was designed to be a dedicated high speed metro line (135 km/hr as opposed to 80 km/hr), with only 6 stations on a 22.7 km route so as to provide faster service. The line started from New Delhi railway station and ended about 4 km beyond the airport till Dwarka, a fast growing residential area. The line was to be commissioned by October 2010, in time for the Commonwealth games being held in New Delhi. Under the PPP agreement, Build Operate Transfer (BOT) model was followed whereby the concessionaire was to operate the line for a period of 30 years, build the extension line, and then hand over the project to the public sector. DMRC was well aware that the project costs would be prohibitively high. It had estimated that the concessionaire would not be able to recover all capital and operating costs from fares alone. To reduce the financial burden on the concessionaire, DMRC undertook the responsibility for building and financing all civil construction à ¢Ã¢â ¬Ã¢â¬Å" including the viaduct, tunnels and the stations à ¢Ã¢â ¬Ã¢â¬Å" while the private concessionaire was asked to finance operating systems à ¢Ã¢â ¬Ã¢â¬Å" signaling system, track, rolling-stock, power distribution system etc. Land for real-estate development was also offered to concessionaires. Even this was thought to be insufficient to make the project financially viable as capital costs for operations alone were estimated to be USD 300 m. Therefore, there was a provision of additional capital subsidy from the govt. to make the project viable. DMRC invited bids from potential concessionaires on the basis of least requested amount of viability gap funding from the govt. The private concessionaire was expected to undertake a variety of risks including ridership ie the number of passengers using the system. Ridership was a key risk because it was the main source of revenue for the concessionaire. DMRC made a daily ridership estimate of 46,000 passengers in 2010, growing to 86,000 people per day in the next 10 years.(Exhibit 1). The forecasts were based on hourly counts of passengers at the airport terminals and surveys of departing and arriving air passengers about their starting/terminal destination. The contract was won by Reliance Energy- CAF consortium. CAF provided the rolling stock and held 5% equity in the project, with Reliance holding the rest. However, problems started emerging even before the operations could be started. Originally set to open by August 31, 2010, the line finally opened on Feb 23, 2011, after missing 4 previously set deadlines. The DMRC fined Reliance Infra 37.5 lakh every day from 30 September and 75 lakh every day from 31 October for repeatedly missing the deadlines. Further, the daily ridership projections came to naught. The average ridership remained at 11,000 persons per day, with a peak of 22,000. Such poor load factor doomed the project since the beginning. To compound the problems further, structural defects were found in the civil construction leading to , first reduction in speed to 105 km/hr, and then to complete halt of operations due to safety concerns from July 2012. The halting of operations led to a tense stand-off between the private concessionaire and DMRC. It ultimately culminated in the exit of the private party, with DMRC taking over the operations of the Airport Express Line. Operations resumed from Jan 2013. It was estimated that DAMEPL was running a loss of Rs 40 m every month. We examine the mistakes made in project planning, financing, and the role of external factors in affecting the feasibility of the project. Exhibit 1 Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Projected Ridership 46000 48970 52132 55498 59082 62897 66958 71281 75884 80784 86000 Actual Ridership 11000 11000 10069 12856 Factors affecting sustainability Cost structure: The high cost structure undermined the feasibility of the project from the very beginning. License fee: Rs 10,000 per annum Concession fee: Rs 510 million. It shall be increased every year by 5% Additional concession fee: Rs 30 million for retail space at concourse level of New Delhi and Shivaji Stadium station Cost of operation and maintenance of clearing house: To be shared between DMRC and DAMEPL. Revenue sharing: From COD (Commercial Operations Date), the following percentage of Gross Revenues would be apportioned to DMRC; One percent of Gross Revenue from first to fifth year Two percent of Gross Revenue from sixth to tenth year Three percent of Gross Revenue from eleventh to fifteenth year Five percent of Gross Revenue from sixteenth year onwards till Termination date Capital Structure Rs million Debt 20000 Subordinate debt 8000 Equity 0.1 Debt to Equity ratio to be maintained 30:70 Ridership: The overly optimistic forecast of daily ridership was the primary factor in the failure of the project. The average ridership remained at 11,000 persons per day, with a peak of 22,000 persons. It was assumed that the project would be able to capture up to 62% of the airline passengers. However, it was only able to capture 30% of the airport bound traffic. RITES, a Railwayà ¢Ã¢â ¬Ã¢â ¢s consultancy arm, had based its passenger numbers on the development of Aerocity ( a bunch of five-star hotels) around the Delhi airport, which was being developed by GMR on a public-private-partnership (PPP) basis. The Aero city never materialized. Low ridership was also because of poor frequency of trains. Instead of six trains, only four were made operational. The decision to close the line at 11:30 pm cut off many passengers who would be arriving/leaving late at night and in the early hour of the morning. Over-estimated returns: Instead of claiming viability gap funding, Reliance offered money to DMRC in the form of concession fee to operate the project. This was in contrast to the second highest bidder à ¢Ã¢â ¬Ã¢â¬Å" LT-GE consortium à ¢Ã¢â ¬Ã¢â¬Å" that asked for a subsidy of Rs 3460 m or interest free debt of Rs 14400 m for a longer term. The success of the project depended upon the ability of DAMEPL to execute real estate developments as planned. Revenues from real estate were expected to account for 70% of the total revenues in the initial years, and more than 50% of the total revenues during the entire concession period. However, revenues from real estate development were never realized. Technical problems: The Airport line has recorded 0.375 failures per route kilometer, which is high as compared to the Blue line of DMRC which has 0.14 failures per route kilometer. Time Cost-overruns: Non-availability of labor and heavy rains interrupted construction activity in Delhi. Further delays occurred in obtaining various clearances like safety and security. DAMEPL was given a one month extension on account of construction delays. But penalty was imposed subsequently for missing each deadline. DMRC imposed penalty on the concessionaire at the rate of Rs 3.75 m per day from September 2010 and Rs 7.5 m per day from Oct 31 2010. It led to a total estimated penalty of Rs 900 m. Exhibit 3 gives the implementation schedule. Exhibit 3: Project Implementation schedule Signing of Agreement Withing 60 days of LOA Financial Close Within 120 days of LOA Key dates and Milestone Dates Start of Design Interface with DMRC Contractors 30 days from LOA Completion of Design interface 6 months from LOA Completion of Design for execution 9 months Delivery of 1st train set 31-Oct-09 Testing of Rolling stock 31-Jan-10 Integrated Testing and Commissioning 1-Apr-10 Commissioning of Project COD 31-Jul-10 Actual Commissioning 23-Feb-11 Project Timeline Aug 2006: (DMRC) finalizes a detailed project report for the airport line Sep 2007: DMRC awards the first tenders for building the railway line 23 Jan 2008: DMRC awards a 30-year build-operate-transfer contract to the Reliance Energy led consortium with the Spanish railway equipment CAF Mar 2009: Delhi Airport Metro Express Pvt. Ltd, a special-purpose vehicle floated by Reliance Infrastructure Ltd (R-Infra) to build the airport line, says it has managed to raise the debt required for the project. Nov 2009: DMRC completes 95% of the tunneling and civil construction on the line and hands over the stations to concessionaire R-Infra for laying tracks. 31 Aug 2010: The airport line misses the first deadline to begin operations, but R-Infra is given a one-month extension on account of delays in handing over the stations by DMRC 30 Sep 2010: The line fails to get the mandatory safety clearance from the Commissioner of Metro Rail Safety (India). DMRC s laps a fine of Rs.37.5 lakh per day from 30 September on R-Infra for missing the deadline 10 Jan 2011: CMRS grants safety clearance to the airport line, except for the Dhaula Kuan and Delhi Aerocity stations 23 Feb 2011: The airport line starts its first train services from New Delhi railway station to terminal T3 of the Indira Gandhi International Airport 15 Aug 2011: CMRS grants safety clearance to Dhaula Kuan and Delhi Aerocity stations Dec 2011: DMRC managing director E. Sreedharan meets R-Infra executives to discuss the areas that need improvement, particularly the train coaches May 2012: DMRC chief Mangu Singh expresses dissatisfaction with the operation of the line Jun 2012: DMRC asks consultants Shirish Patel and Associates to conduct an inspection of the line due to safety concerns, after the operator reduces the speed of the trains from 105 kmph 7 Jul 2012: The operations suspended indefinitely for safety repairs. The ministry of urban development cons titutes a committee to investigate the defects in the civil construction of the railway line. January 2013: Operation resumed. Course Correction After taking over the operations of Airport Express line, DMRC has taken to following steps to improve the popularity and financial sustainability of the project: The frequency of trains was reduced from 15 to 10 and-a-half minutes Maximum speed was increased from 70 km/hr to 80 km/hr, reducing travel time by 19 minutes Parking facilities have been created at Aerocity Metro station; feeder bus services have also been started. The total number of train trips was increased from 148 to 166. In July 2014, it reduced fares by 40% Proposal to extend the line to IIFCO Chowk in Gurgaon and a Delhi-Alwar link to make the airport line operationally profitable. As a result of the steps being taken by DMRC, the total ridership per day has increased 28 % from 10,069 in July 2013 to 12,856 in June 2014. References https://www.thehindubusinessline.com/industry-and-economy/logistics/delhi-airport-metro-line-debacle-the-way-forward/article4966519.ece https://archive.indianexpress.com/news/delhi-metro-to-take-over-airport-express-link-from-midnight/1135868/ https://www.business-standard.com/article/news-ians/airport-express-metro-ridership-rises-by-28-percent-114070101032_1.html https://www.iritm.indianrailways.gov.in/uploads/files/1373362608968-Project%20Report%203.pdf https://cdm.unfccc.int/filestorage/7/X/L/7XLGB5ATRZEIJN6K3DF8240VHUC9WQ/Efficient%20mode%20of%20public%20transportation%20by%20DAMEPL%2C%20India.pdf?t=Z0t8bmJycTJ2fDBZ8f7ANwVZ8iLyuKhP3cZR https://www.business-standard.com/article/finance/no-early-debt-recovery-for-lenders-on-airport-metro-line-113112000443_1.html
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