Despite a second fare hike to be rolled out on October 10, fares of Delhi Metro would still continue to be one of the lowest among Metros in all Indian cities. From May 10 this year, passengers are paying a minimum of Rs 10 instead of Rs 8 and a maximum of Rs 50 instead of Rs 30. These fares are further going to rise by Rs 5-10 from October 10. However, data with the DMRC suggests that even after the second hike, fares of Delhi metro will remain lower or equal to Metros in cities like Chennai, Kochi, Lucknow and Mumbai. Metro fares hadn’t changed for eight years until a fare revision was finally approved this year. As a result, DMRC’s money earned from Metro operations reduced from 52% in 2011 to around 25% in 2016-17. “DMRC has a huge loan liability , As Reported By Hindustan Times.
According to the Newspaper,As on March 31, 2017, DMRC has taken a loan of Rs 26,760.28 crore from JICA and have re-paid only Rs 3770.79 crore (interest of Rs 2263.67 crore) and repayment of principal Rs 1507.12 crore till March 31,” a report of the corporation stated. Read More…
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