New Delhi: In a surprising move, Delhi Metro Rail Corporation (DMRC), the operator of India’s largest mass rapid transit system, has announced up to 50 per cent cut in the passenger fares of Airport Express Line, which connects the heart of the city to the Indira Gandhi International Airport.
The sudden announcement of the massive rate cut comes on the backdrop of a financial crunch being faced by the metro train operator in the absence of a fare rise for the past six years. Facing a stiff rise in input costs, DMRC has been pressing the government for a fare hike. The company registered a 11 per cent rise in net loss at Rs 100 crore in 2013-14.
DMRC said the move to “further reduce” passenger fares on the Airport Express Line — to be effective from Friday — is aimed at ensuring greater convenience for commuters. “According to the revised fare structure, the minimum single journey fare on the corridor will be Rs 10 replacing the earlier minimum fare of Rs 20 and the maximum fare will be Rs 60 against the earlier maximum fare of Rs 100,” said DMRC Executive Director Anuj Dayal.
16/09/15 Sudheer Pal Singh/Business Standard
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The sudden announcement of the massive rate cut comes on the backdrop of a financial crunch being faced by the metro train operator in the absence of a fare rise for the past six years. Facing a stiff rise in input costs, DMRC has been pressing the government for a fare hike. The company registered a 11 per cent rise in net loss at Rs 100 crore in 2013-14.
DMRC said the move to “further reduce” passenger fares on the Airport Express Line — to be effective from Friday — is aimed at ensuring greater convenience for commuters. “According to the revised fare structure, the minimum single journey fare on the corridor will be Rs 10 replacing the earlier minimum fare of Rs 20 and the maximum fare will be Rs 60 against the earlier maximum fare of Rs 100,” said DMRC Executive Director Anuj Dayal.
16/09/15 Sudheer Pal Singh/Business Standard
