Same like Delhi Reliance must surrender Mumbai Metro to Mumbai Metro Corporation same like Delhi but reliance will not do the same in Mumbai if running in loss, reason is clear reliance running Mumbai metro in profit.
They mean money, and unless they get it, they will pressurised the govt. to provide them cash subsidies, maha govt. Should audit reliance accounts, and the project cost had already increased ten fold, how did that happened, it too needs to be checked.
Mumbai Metro is running in profit need CAG audit making fool by showing loss same like in delhi reliance electricity showed 8 thousand crore loss but CaG found reliance electricity in profit after audit.
Mumbai Metro is running profit need CAG audit making fool by showing loss same like in delhi reliance electricity showed 8 thousand crore loss but CaG found reliance electricity in profit after audit.
Delhi metro Rajiv chowk to Huda City centre (Distance-30 km Fare 25 Rs) Mumbai Metro Versova to Ghatkopar (Distance 10 km Fare 110 Rs?) What a load of nonsense.
Re: Difference between fares of Mumbai and Delhi metro of over 70
by narendra ramesh choudhari on Oct 26, 2015 03:39 PM
Kunal funda is simple, Delhi was completed long before realtor hunger started. Which mean implementation cost was peanut compared to what it can be today. This will have direct implication on ticket cost. Ticket cost includes running cost, employee sal, RoI and Taxes. RoI means, they spend Rs100 with 15% interest rate if they have to get their investment in 10 years how much it cost additionally. Had Bengaluru mentro construction started when actually it was thought of by legendary Shakarnag in 1985..! today metro would have been running end to end for less than Rs 10. But happened..? it was never allowed to happen then and when realtors hit the road our greedy beaurocrates started and end result is clear, fare starts with Rs12 and project is still not completed.
Re: Re: Difference between fares of Mumbai and Delhi metro of ove
by Kunal Sawant on Nov 07, 2015 09:54 AM
Honestly, its a failure on the private cos part to not plan the project considering the cost that it will have to incur and the model it will have to follow to sustain it .If we are going to increase prices of essential services by over nearly 300% in only the first couple of years of the project, then its a failed project and the brunt should not beared by the consumers but the project planners. If I work in a Bangalore software company and I tell my manager boss i need to increase the deadline of the project by 300% as I have n number of reasons, you know what the answer will be.There will be an alternative person in my place. The problem with Indian private cos is that to win the contract they go to any irrational levels, and when reality (not realty) hits them hard they transfer the hardship to the consumers.Same case in spectrum. Having said all that, key point here is that the primary reason to build this metro was to reduce road congestion, increasing prices to exorbitant levels is not going to solve the primary purpose, managing a private cos balancesheet was not really why this metro was constructed even though it is highly important but it should had been planned before jumping into "winning the contract" gamble.Agree on the greed part.
Re: Re: Difference between fares of Mumbai and Delhi metro of ove
by Kunal Sawant on Nov 07, 2015 09:54 AM
Honestly, its a failure on the private cos part to not plan the project considering the cost that it will have to incur and the model it will have to follow to sustain it .If we are going to increase prices of essential services by over nearly 300% in only the first couple of years of the project, then its a failed project and the brunt should not beared by the consumers but the project planners. If I work in a Bangalore software company and I tell my manager boss i need to increase the deadline of the project by 300% as I have n number of reasons, you know what the answer will be.There will be an alternative person in my place. The problem with Indian private cos is that to win the contract they go to any irrational levels, and when reality (not realty) hits them hard they transfer the hardship to the consumers.Same case in spectrum. Having said all that, key point here is that the primary reason to build this metro was to reduce road congestion, increasing prices to exorbitant levels is not going to solve the primary purpose, managing a private cos balancesheet was not really why this metro was constructed even though it is highly important but it should had been planned before jumping into "winning the contract" gamble.Agree on the greed part.
Re: Re: Difference between fares of Mumbai and Delhi metro of ove
by Srinidhi sampath on Oct 26, 2015 06:03 PM
Delhi prices are highly subsidized..and the bottomline of DMRC is also not good..but they are not able to hike prices because of various reasons..mumbai has been done by a private co which is more sensitive to its balance sheet, so this kind of response is expected..but the time is ripe now to arrive at a central commission which regulates per km price for metro systems..like we do for railways!
they should just increase their rates flat out to at least a no loss or slightly profitable state... or much more profitable state so that other infrastructure could be built with the profit...
anyone in mumbai will certify that 110 bucks is too little to travel across longest distance in mumbai and that too in good time.
people are running businesses commuting on metros and so should be the metro runners.
This type of public policies come in the way to keep the metros - well maintained, clean and growing for the satisfaction of everyone involved.
(There can of course be super cheap and dirty buses that can take people around... if they like...)
