By Makarand Gadgil http://www.livemint.com/
Mumbai: The Bombay high court on Tuesday rejected the Mumbai Metropolitan Regional Development Authority’s (MMRDA) petition challenging Reliance Infrastructure Ltd. (R-Infra)-led Mumbai Metro One Pvt. Ltd.’s (MMOPL) decision to increase fares for the Mumbai metro.
The court’s decision comes at a time when Mumbikars are already reeling under a 100% hike in season tickets for the suburban railway network, as announced by the railway ministry. Maharashtra chief minister Prithviraj Chavan had inaugurated the first phase of the Mumbai metro on 8 June, amidst a controversy over increase in fares.
The metro project is a joint venture between Anil Ambani-controlled R-Infra and MMRDA, in which R-Infra owns 74%. MMOPL announced a fare increase between Rs10 and Rs40, from the earlier planned range of Rs9 to Rs13, saying that an increase in the project cost had forced a revision in fares. The cost of the project has gone up from Rs2,356 crore to Rs4,321 crore because of a series of delays.
However, MMOPL said that it will charge a promotional fare of Rs10 for the initial 30 days. MMRDA had challenged the fare hike decision, terming it “unilateral”. More info