Metro advised to revise fares periodically

July 5th, 2012 - 5:43 am ICT by IANS  

New Delhi, July 4 (IANS) The central government Wednesday advised metros to revise the fares periodically to offset input costs. But Delhi Metro said it had no plans to hike fares for now.

“All the state metros have been advised to periodically revise the fairs to offset the input cost such as electricity and wage rates,” the secretary in the ministry, Sudhir Krishna, told reporters here.

“There is a need to devise the rationale transport formula for fair revision which is applicable not only to Delhi Metro but all the metros,” he added.

He underlined the need for simplified and transparent fair revision system and said that metro rail projects must be financially viable.

“The fair revision should be based on the parameters like electricity tariffs and wage rates,” Krishna added.

But Delhi Metro Rail Corp (DMRC) has decided not to hike fares for now.

According to informed sources, DMRC had set up an internal committee to look into the periodical revision of fare hikes.

“The committee will evolve a general formula for periodic revisions of fares. They will not look into the possibility of any immediate fare hike or revision,” a source in DMRC told IANS.

The power rates for DMRC have been increased to Rs.5 per unit from Rs.3.80 per unit, a 31.57 percent hike.

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