Delhi Metro revenues to exceed Rs.21 bn by 2011July 20th, 2008 - 12:01 pm ICT by IANS
New Delhi, July 20 (IANS) Revenue earnings of the Delhi Metro Rail Corp (DMRC) are likely to touch Rs.21 billion ($500 million) in the next three years, an increase of 194 percent, said an industry body report. The study, conducted by the Associated Chambers of Commerce and Industry of India (Assocham), says that through rentals alone, DMRC’s revenue generation from leading corporate outlets and ATMs would go beyond Rs.8.5 billion.
Through sale of tickets, DMRC is expected to earn nearly Rs.7 billion and about Rs.6 billion from space allocation to corporate advertisers.
Releasing the report, Assocham secretary general D.S. Rawat said: “In percentage terms, DMRC would earn 39 percent of its revenues by leasing out space to corporates for commercial use and about 33 percent and 28 percent respectively by sale of tickets and space allocations for advertisers.”
In 2007, DMRC revenue earnings stood at Rs.7.3 billion.
Since the metro has a huge space in its possession, it will generate large rental revenues from outlets, malls by leasing out to domestic and overseas corporates. This revenue would go up once the new projects are completed before the 2010 Commonwealth Games.
According to Assocham estimates, the number of working people using the public transport system in the National Capital Region (NCR) is seven million. The figure is likely to go up to over nine million by 2011.
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