Kochi Metro Rail Ltd (KMRL), which has seen its non-ticketing revenue touching nearly Rs 50 crore since the launch of its commercial operation a year ago, is planning to launch more such projects in order to generate more revenue, The New Indian Express has reported.
The commercial services of the KMRL were launched on 17 June 2017 and till October 2018, the ticketing revenue of the service stood at Rs 55.90 crore, while the non-ticketing revenue was Rs 49.58 crore. According to KMRL managing director APM Mohammed Hanish, KMRL is planning more projects in order to increase non-ticketing revenue.
The projects include plans for setting up a four-star hotel along with development of property at Kakkanad. Major portion of the projects for property development are planned during phase 2 of the extension.
Other sources of non-ticketing revenue include co-branding of the stations, advertisements on Metro Pillars and leasing spaces in stations. Read More
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