MUMBAI: Metro fares in the city could fall by as much as 50% if authorities extend subsidy in the form of cheaper power and ensure lower interest on loan taken for the project.
The fares here are steeper, particularly for longer distances, compared to the other metro systems in the country. Mumbai’s Metro One, for its 12km line, charges fares between Rs 10 and 40. In comparison, the Delhi Metro Rail Corporation (DMRC) fares are Rs 8-18 for a distance of 12km.
Bombay high court on January 8, 2015, cleared the deck for Metro One to charge the higher fares as notified by it in May 2014. The metro had started with a promotional fare of Rs 10 last June.
The metro firm’s counsels argued in the HC that the company was incurring losses of Rs 80 lakh per day and pleaded that the notified fare was imperative for sustaining the project. More info