TS for metro fares un­der `50

Deccan Chronicle - - FRONT PAGE - L. VENKAT RAM REDDY | DC

The state gov­ern­ment wants Hy­der­abad Metro Rail fares to be lower than in other cities. The maximum fare in Mum­bai is `110, Chen­nai, `70, while in Delhi and Ben­galuru it is `60.

TS wants the maximum fare to be `50 when the first phase of op­er­a­tions is launched next month.

TS gov­ern­ment is of the view that the pro­ject de­vel­oper L&T-HMRL can re­cover losses from re­alty projects for which 269 acres has been al­lot­ted in prime lo­ca­tions in the city.

The state gov­ern­ment wants Hy­der­abad Metro Rail fares to be lower than other cities.

Hy­der­abad Metro Rail is a unique model in the coun­try be­ing taken up in PPP mode along the lines of the Sin­ga­pore Metro, wherein the metro pro­ject has been aligned with real es­tate devel­op­ment.

Since metro rail projects over the world are run­ning in fi­nan­cial losses as pro­ject costs could not be re­cov­ered solely on ticket fares, the state gov­ern­ment has al­lowed the pro­ject de­vel­oper to con­struct shop­ping malls and com­mer­cial com­plexes along the metro rail cor­ri­dors to gen­er­ate rev­enue and mit­i­gate losses, and for this 269 acres of land has been al­lot­ted.

L&T has been asked to sub­mit fare pro­pos­als this month, which will be fi­nalised in Novem­ber.

In 2011, the then Con­gress gov­ern­ment had fixed the Hy­der­abad Metro ticket price band at `8 to `19.

How­ever, in March 2016, mu­nic­i­pal min­is­ter K.T. Rama Rao told the Leg­isla­tive Assem­bly that the price band would be `13 to `25.

At a more re­cent meet­ing that Mr Rama Rao held with se­nior of­fi­cials from mu­nic­i­pal ad­min­is­tra­tion depart­ment and HMR to dis­cuss the fare struc­ture a price band of `20 to `50 was favoured, ac­cord­ing to sources.

This would be for the first phase of op­er­a­tions start­ing in Novem­ber and could be re­vised ev­ery year.

“We have re­quested L&T to sub­mit metro fare pro­pos­als this month. We are in favour of `20 to `50 price band. How­ever, we will wait for their pro­pos­als be­fore tak­ing a fi­nal de­ci­sion by mid-Novem­ber,” said a se­nior of­fi­cial.

The con­struc­tion of shop­ping malls has been going on at a brisk pace at var­i­ous lo­ca­tions along the metro cor­ri­dors.

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