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Covid-19 outbreak: Metro operators lose Rs 700 crore amid lockdown

DMRC to have the largest chunk of revenue loss estimated at Rs 700 cr

metro fare hike, delhi metro,Asian Infrastructure Investment Bank,AIIB,finance ministry,Delhi Metro Rail Corporation, DMRC,
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Metro systems earn revenue from both charging fares from passengers and non-fare box collections. These include advertising and leasing of space at stations to eateries and other commercial activity.

Megha ManchandaAmritha Pillay New Delhi/ Mumbai
Metro operators – public and private – across the country have accumulated a revenue loss of up to Rs 700 crore, due to the lockdown.

Delhi Metro Rail Corporation, which operates the country’s largest metro rail network, is set to lose over Rs 500 crore in revenues by May 17, the last day of the third phase of nationwide lockdown.
 
Private operators — Reliance Infrastructure (RInfra) and Larsen & Toubro — are estimated to lose Rs 90 lakh and Rs 2.5 crore as revenue on a daily basis.
 
Services for RInfra’s Mumbai Metro the Delhi Metro were suspended on March

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