Now, a regulator for timely Metro rail fare revisions?

The Urban Development Ministry will include the demand of Metro rail companies of setting up of a regulator for timely revision of fares in the proposed new bill for all such projects.

Updated: Feb 10, 2016, 11:30 AM IST
Now, a regulator for timely Metro rail fare revisions?
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New Delhi: The Urban Development Ministry will include the demand of Metro rail companies of setting up of a regulator for timely revision of fares in the proposed new bill for all such projects.

Last week at a review meeting, according to The Times of India, those representing different Metro rail projects referred to how the Delhi Metro Rail Corporation (DMRC) has been trying to revise its fare for more than four years due to the indifferent attitude of Centre and Delhi governments.

The last time the Delhi Metro revised its fare was in 2009.

 

"There was certain unanimity that fare revision must be de-linked from politics. While setting up of a regulator is one option, there was also a view if we can have a formula in place based on the change in wholesale price index, increase in operation and maintenance cost to revise the fare," the daily quoted a government source as saying.