BMRCL hopes to earn more with 6-car trains

Beml delivers the first intermediate Metro car unit for Namma Metro, in Bengaluru on Wednesday. DH Photo/B H Shivakumar

BMRCL's revenue has surpassed operational expenses over the last few months but officials say the surplus was not big considering the loans that they have to repay and hope that the introduction of six-car trains will lead them out of the woods.

A senior official at the Bangalore Metro Rail Corporation Limited (BMRCL) said that the fare revenue has seen a huge growth since the inauguration of Phase 1 in June last year. However, it was not up to their expectation.

"The daily revenue has gone up from Rs 30-40 lakh to about Rs 95 lakh. The non-fare revenue has also seen a huge growth following the increase in the ridership. But this is not enough as the BMRCL has to pay Rs 40 crore towards the loans it has borrowed for Phase 1," the official said.

BMRCL had expected that the average daily ridership of Namma Metro will cross 5 lakh after the full Phase 1 became operational. However, the average ridership stands at about 3.5 lakh. Even during exceptions, the numbers slightly crossed the 4 lakh mark.

Officials admitted that the rush in the Metro cars has limited scope for ridership growth. "By the end of this year, we will have a good number of six-car trains, which will boost the ridership and the revenue. We hope to see the daily ridership numbers to reach 6 lakh by this time next year," the official said.

Rs 10K cr loans

In March, the BMRCL submitted a statement to the assistant labour commissioner to explain its objections to some of the demands by its employees, including the hike in salaries.

The corporation told the commission that it has Rs 9856.99 crore borrowings which have to be cleared in the next 24 years. The corporation has to pay Rs 480 crore per annum to clear Rs 5,689.49 crore 'senior debt', the loan that takes precedence over other borrowings,  by 2041-42. Following this, there is Rs 4,167.50 crore loan under the 'sub debt' which will demand Rs 208.37 crore payments per annum.

 

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