DELHI METRO RAISES FARES AFTER EIGHT YEARS

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Delhi Metro passengers carrying a smart card and travelling during the off-peak hours—between 6am-8am, 12pm-5pm and 9pm onwards—will be able to avail a discount of 20%. Photo: Priyanka Parashar/Mint

Delhi Metro rides in the national capital just got costlier with a new passenger fare structure starting at Rs. 10 and going up to Rs. 50 coming into force this week.

Divided into six fare slabs, the new fare structure, Monday through Saturday, is: up to 2 km- Rs. 10; 2 to 5 km – Rs. 15; 5 to 12 km – Rs. 20; 12 to 21 km – Rs. 30; 21 to 32 km – Rs. 40; and for journeys of over 32 km – Rs. 50. You can click on this link below to calculate how much you have to pay, when you plan for a journey.

http://www.hindustantimes.com/delhi-news/calculate-how-much-the-hike-in-delhi-metro-fares-will-cost-you/story-npE2MDqAf67Zhpl3uYD3TN.html

Those carrying a smart card and travelling during the off-peak hours, between 6 AM – 8 AM, 12 PM – 5 PM and from 9 PM onwards, till end of services at 12 AM, will be able to avail a discount of 20%. On Sundays and national holidays (January 26, August 15 and October 2), there would be a discount of around Rs. 10 across slabs. In peak hours, the discounts availed would be 10%. The tariffs would rise further from October 1, when the maximum fare will turn Rs. 60, but the minimum fare would remain the same.

The hikes were announced on May 8 after the Delhi Metro Rail Corporation (DMRC) board cleared the recommendations of a fare-fixation committee. DMRC said the hike, following a gap of eight years, was crucial towards sustaining its operations against the backdrop of rising operational costs, like increase in power tariff, growing manpower bill and maintenance charge.

“Although it would not turn us profitable overnight, it would at least prevent a further rise in the operating ratio of the company, which is around Rs. 84 at the moment,” a metro official said”, metro revenue director K.K. Saberwal said. It means DMRC spends around Rs. 84 on operations for every Rs. 100 it earns. It was around Rs. 54 in 2009, when the last hike was effected and since then it has steadily risen

The accounts of DMRC, where the state and Centre hold equal equity, have been in the red for years now when factors such as the loans, it has taken from the Japan International Cooperation Agency (JICA) are considered. Annually, metro shells out an average Rs. 500 crore interest on loans, it has taken from the JICA and the principal amount comes to around another Rs. 600 – 800 crore.

The Delhi Metro’s operating ratio will further change when its upcoming corridors, as part of its Phase III expansion, are launched, taking the total length of the network to around 350 km from the existing 218 km.

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