While the Bombay High Court on Monday denied allowing any fare hike for Versova-Andheri-Ghatkopar Metro-1 corridor, it also means that the Reliance Infrastructure-led Mumbai Metro One Private Limited (MMOPL) will continue to operate it incurring huge losses.According to data, MMOPL has not been able to meet even half of the expenses required to operate Metro through the income generated from ticketing and non-ticketing revenue.The expenditure for operating stood at around Rs 1,500 crore between the period of June 2014 and June 2017; at the same time, the income from its ticketing and non-ticketing revenue stood at around Rs 640 crore in the same period.This also means that the more than 120 per cent of the operational cost is being borne by the operator from his pocket.To mitigate its losses, the MMOPL in 2015 had proposed to increase fare but it was challenged by Mumbai Metropolitan Region Development Authority (MMRDA) that has 26 per cent of stakes in Metro-1.Currently, the fare slab is Rs 10,20,30,40 for the 11.4-km-long route, the MMOPL had in 2015 proposed the fare slabs of Rs 10,20,25,35 and 45. Meanwhile, the fare fixation committee (FFC) had recommended the fare to be between Rs 10 and 110.However, after the MMRDA challenged it in high court, the MMOPL has been asked to have status quo on the current fare structure.The ridership of Metro-1 has been around 3-3.40 lakh passengers on an average during weekdays. The Metro-1 corridor is the eighth densest Metro corridor in the world with 12 Metro stations.TUNNELING BEGINSThe MMRC has announced that it has started tunnelling work between CSMT Metro, Kalbadevi, Girgaon and Grant Road stations. The tunnelling started from Azad Maidan on Monday. The MMRC said that the tunnel boring machine will be used to construct 4.5 km-long route.
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Yogi Adityanath


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Metro One losses not to go away soon