Telangana wants the supreme fare to be Rs 50 when the first stage of operations is launched next month.
Hyderabad: Telangana state government wishes Hyderabad Metro Rail fares to be lower than in other metropolises. The maximum fare in Mumbai is Rs 110, Chennai, Rs 70, whereas in Delhi and Bengaluru it is Rs 60.
TS want the maximum fare to be Rs 50 when the first period of operations is launched coming month.
Telangana State government is of the opinion that the project developer L&T-HMRL can recover the losses from reality projects for which 269 acres have been assigned in major locations in the city.
L&T to succumb fare proposal soon
Hyderabad Metro Rail is an exclusive model in the nation being taken up in PPP manner along the lines of the Singapore Metro, in which the metro project has been allied with real estate development.
As metro rail projects over the world are running in financial losses as project costs would not be recovered exclusively on ticket fares, the Telangana state government has permitted the project developer to build shopping malls and commercial complexes laterally the metro rail corridors to make revenue and mitigate losses, and for these 269 acres of land has been assigned.
L&T has been probed to submit fare tenders this month, which will be finalized in November.
In the year 2011, then the Congress government had fixed the Hyderabad Metro ticket charge band at Rs 8 to Rs 19.
Yet, in March 2016, municipal minister K.T. Rama Rao described the Legislative Assembly that the charge band would be Rs 13 to Rs 25.
At a more new meeting that Mr. Rama Rao held with senior administrators from municipal administration department and HMR to deliberate the fare structure a charging band of Rs 20 to Rs 50 was favored, rendering to sources.
This would be for the initial phase of operations beginning in the month of November and could be reviewed each year.
“We have entreated L&T to submit metro fare offers this month. We are in favor of Rs 20 to Rs 50 price band. Yet, we will wait for their suggestions before taking a final decision by middle November,” stated a senior official.
The construction of shopping malls has been going on at a curt pace at various places along the metro hallways.