Sunday, January 31, 2016

GMR milks radio Cabs

Hyderabad: GMR airport authorities are minting money by way of parking fees collected from cabs at the Rajiv Gandhi International Airport.

Enquiries by Deccan Chronicle revealed that GMR is earning about Rs 15 crore per year from parking charges and from its agreement of allowing Meru and Sky Cabs to operate from the airport.

Meru and Sky Cabs together make a minimum of 1,500 trips every day from the airport to various parts of the city and to the districts. For each trip, the cabs pay Rs 176 towards bidding value — i.e, to operate the cabs from the airport — and another Rs 50 per trip towards parking charges to GMR.

That’s Rs 3.39 lakh daily – Rs 12.20 crore per year. Meru and Sky Cabs had won the contract to operate its cabs from the airport in January 2016; the contract is valid up to January 2020.

GMR also gets revenue from other cabs, like pre-paid taxies, SHE cabs and other taxis.
31/01/16 M Roushan Ali/Deccan Chronicle
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