The first fare fixation committee of Mumbai Metro One Private (MMOPL) has recommended to increase the maximum fare of Mumbai Metro to Rs 110, from the current Rs 40, for the city’s first metro project, stretching across 11.4 km from Versova in the west to Ghatkopar in the east.
According to a statement issued by MMOPL, the committee has said the current level of fares of Rs 10 to Rs 40 will remain effective till October 31, 2015, and thereafter, the situation will be reviewed and the fare will be increased gradually, depending upon the response of the Maharashtra government on proposals of revenue enhancement.
Abhay Kumar Mishra, CEO of MMOPL, said: “We welcome the recommendations by the (panel), which has taken into consideration the cost to operate the line, business viability and the value propositions that metro brings to its commuters”.
According to MMOPL, the experts appointed by the committee also suggested that MMOPL be granted Metro operational subsidy by the government in order to keep the fare affordable and should fully monetise the potential of real estate available at metro properties, to ensure business viability.
