New Delhi: Union Urban Development Ministry has formed a committee to revise the rent of Delhi metro rail corporation (DMRC). The committee has to submit the report within three months. The panel headed by a former Delhi High Court judge.
The Delhi Metro fares were last revised in 2009 when the minimum fare was raised from Rs 6 to Rs 8 with the maximum fare being raised to Rs 30 from Rs 22. The committee will recommend passenger fares for the DMRC network in Delhi and its extension in the national capital region.
“Set up under Sections 33 and 34 of the Metro Railway (Operations and Maintenance) Act 2002, the committee has been given three months from the date of assumption of charge by the chairperson of the committee Justice M L Mehta for submission of its report and recommendations to DMRC,” the ministry stated.
The FFC is headed by justice (retired) ML Mehta. The other members of the fourth Fare Fixation Committee (FFC) are additional secretary (urban development ministry), Durga Shanker Mishra, and Delhi chief secretary, KK Sharma.
Delhi Metro Rail Corporation (DMRC) has been demanding revision of fares for a long time now. DMRC has cited increase in electricity tariff, a major component of the operational cost, and other major maintenance costs. Almost 40 per cent of Metro’s overall expenses go towards paying electricity bills. Delhi Metro is a 50:50 partnership between the Delhi government and the Union government.