As of date, Metro's overall ridership since its inception stands at 94 crore, he said. BMRCL has begun making an operational profit of Rs 4 crore per month. “We earn revenue of Rs 50 crore per month, and our operational expenses come to Rs 46 crore a month.
Is Bangalore Metro private or Government?
Bangalore Metro Rail Corporation Limited (BMRCL), a joint venture of Government of India and Government of Karnataka is a Special Purpose Vehicle entrusted with the responsibility of implementation of Bangalore Metro Rail Project.
Who funds Bangalore Metro?
Bengaluru Metro Rail Corporation Limited (BMRCL), a joint venture of Government of India and the State Government of Karnataka, is the agency for building, operating and expanding the Namma Metro network.
What is the most profitable Metro system in the world?
Hong Kong's MTR Corporation runs the most valuable metro railway in the world. In 2017 it banked US$2.2 billion (HK$17 billion) profit, more than enough to buy seven Boeing 777 jets.
Is Bangalore Metro a profit or loss?
Which metro is loss in India?
Which metro in India is in loss? KOCHI: The Kochi Metro has incurred a loss of Rs 335.34 crore during the 2022-23 financial year, as per the 12th annual report (FY23) of Kochi Metro Rail Ltd (KMRL) released on Thursday.
How much does Bangalore Metro make a day?
BMRCL, the agency running Namma Metro, is also generating a daily revenue of nearly Rs 1.9 crore from its train operations. BMRCL MD Anjum Parwez told TOI that at present, a Metro passenger travels on average a distance of 10km a day and spends Rs 27-30. “Opening of new Metro lines helps in getting more patronage.
How much did Bangalore Metro cost?
The state government on Friday approved the third phase of Namma Metro project, which covers a total of 44.65 km comprising two corridors. Total cost of the project is estimated at Rs 16,328 crore and expected to be ready in 2028.
How many people use Bangalore Metro everyday?
Close to 7.1 lakh people used the Metro that day. Regular commuters, especially those travelling to and from Whitefield, are demanding that BMRCL increase the frequency during peak hours as trains are running packed.