Wednesday, November 11, 2009

Following DTC, Metro hikes fares

NEW DELHI: Come Friday, Delhiites will have to shell out more for taking a metro ride. Delhi Metro Rail Corporation (DMRC) has announced across

Riding the Delhi Metro
Metro's maiden Noida run
Movia Metro Train
Delhi Metro mishap
Moving towards secure platforms
Metro constructs deepest tunnel
the board hike in fares ranging from Rs 2 for short distances to Rs 8 for longer hauls.

Fares have been revised to cope with increase in costs and help DMRC meet its huge interest and loan repayment burden, which will be in the range of Rs 500-600 crore per year after the opening of phase-II sections, DMRC director (finance) R N Joshi said on Wednesday.

The fare hike is expected to result in a gross return of Rs 1,026 crore for DMRC for the year 2010-11.

In comparison to the fares of other metros, except for Kolkata, the charges of Delhi metro are the lowest in the world, Mr Joshi added.

Now, a metro ride from Vishwavidyalaya to Rajiv Chowk will cost Rs 15 instead of Rs 11. The fare charged for travelling from Tilak Nagar to Rajiv Chowk has now been revised from Rs 13 to Rs 18. The minimum fare has been raised from Rs 6 to Rs 8, while the maximum fare has been hiked to Rs 30 instead of Rs 22.

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