New Delhi:
Delhi Metro has introduced updated fare structure which is going to execute from today onward…
Divided into six fare slabs from Monday to Saturday
Up to 2 Km- Rs 10
2-5 Km- Rs 15
5-12 Km- Rs 20
12-21 km- Rs 30
21-32 Km- Rs 40
30 Km and beyond- Rs 50
Travelers with smart card and travelling during odd hours of timing 6 am-8 am and 12 pm-5 pm and 9 pm onward will get 20% discount.
During holidays
National Holidays- discount of Rs-10 across slabs
Further increase on fare would be evident from 1st October which will turn the maximum fare of Rs 50 to Rs 60.
These announcement was done on May 8th after fare fixation committee recommended from DMRC. The hike was seen after the gap of seven long years.
DMRC said the hike was crucial towards the operations against it’s backdrop of rising operational costs like increasing power tariff, growing manpower bill and cost of regular maintenance charges.
Although it won’t make us profitable overnight it would atleast prevent further rise in operating ratio of the company, which is Rs 84 at present scenario, a metro official said.
It clearly means DMRC spends Rs 84 on every Rs 100 earned. It was Rs 54 in 2009, and since then it has only risen Metro Revenue Director K.K Saberwal said.
Accounts of DMRC where state and centre hold eqaul equity have been in reds for years, considering the loans it has taken from Japan International Cooperation Agency JICA. Annually DMRC sheds a loan interest of Rs 500 crore to JICA where the principal amount is Rs 600 -Rs 800 crore.
Metro operations ratio will further change with upcoming corridors, as part of it’s phase III expansions are launched, making it 350 Km network which is just 219 Km at present.