Delhi Metro Fares Hike: Today we are one of the largest metropolis cities in the world, connecting all the places in short span of time and cutting down the traffic on the road as well.
When the metro service started the prices were so cheap that nobody felt pain while travelling from one corner to another and also saved money with time. People from rich to lower middle class have always been happy with the metro.
Recently, the fare of metro has hiked to more than 50% as compared to when it started.
There are certain reasons for the hike in the price:
- Metro revenue director K K Saberwal said that the hike was necessitated on account of rising operating ratio, or expenditure for every Rs 100 income, the report says. It currently stands at around Rs 70, he said
- Annually, metro also shells out an average Rs 500 crore interest on loans it has taken from the Japan International Cooperation Agency (JICA). The principal amount comes to around another Rs 600-800 crore, Saberwal informed.
- It has been learned that the hike was in tune with the recommendations of a three-member Fare Fixation Committee, which were accepted by the DMRC board headed by Union Urban Development Secretary Rajib Gauba.
- There was an increase in the cost of electricity and salaries of staff. Besides that cost of maintenance works has gone up forcing DMRC to hike fare, the report says.
Today, the hike has affected the people but surely everyone still can afford to travel without complaints.
By Akanksha Kapur – DU Times