Namma Metro will start making profit within seven years of its commissioning, Bangalore Metro Rail Corporation Managing Director V Madhu said on Wednesday.
Making a presentation on the Metro Rail project to the members of Rotary Bangalore, Peenya, he said as Namma Metro passes mainly through commercial thoroughfares, BMRC has immense commercial opportunities. “We will make use of them completely,” he added.
It was BMRC which proposed to the BDA to increase the Floor Area Ratio (FAR) in its Master Plan 2015 in and around Metro Rail stations. Hence, FAR has now been increased to 4, Mr Madhu added. He said most Metro Rail systems across the globe are running under loss and governments are operating them at a subsidised rate. “We may have to run Namma Metro under subsidy for just 10 years,” he said.
Completion by 2011
He assured the project would be completed as per schedule - by 2011. Meanwhile, Rotary Bangalore, Peenya, inducted two new members on the occasion.
