Metro suffers Rs 538 crore loss despite a rise in ridership

Team Udayavani, Jun 13, 2018, 4:24 PM IST

Bengaluru: The Bangalore Metro Rail Corporation Limited (BMRCL) has suffered a loss of Rs 538 crore in the 2017-18 financial year despite a sharp increase in ridership. 

As per the reports, around 3.5 lakh individuals travel in Metro daily, yet that is insufficient to recoup the expenses or make it beneficial. Nonetheless, operational income isn’t the main income to BMRCL. Leasing places for commercials, shops in stations and renting out its property are different sources to produce income. 

As per authorities, increment in ridership has prompted an ascent in operational income, however it is deficient for maintenance and other things like paying salary. 

Accordingly, before the end of March 31, 2018, the BMRCL acquired lost Rs 538.5 crore. 

Prior to the authorizing of Metro stage I completely, the monthly income was Rs 10 crore and after total operations begun, the income rose to Rs 24 crore. As indicated by authorities, Metro is getting Rs 30 crore approximately every month. Costs like power bill and maintenance can be dealt with its operational income, said authorities.