The Bombay High Court today accepted the proposal of Reliance Infrastructure and Mumbai Metro One Pvt Ltd (MMOPL) to slash the fares of Mumbai Metro from Rs 10-Rs 40 bracket to Rs 10-Rs 20 till the month-end.
The promotional fare of Rs 10 would end today and the higher rates were slated to come into force.
Reliance Infra is the major partner of the consortium which floated MMOPL which operates Metro. Government agency MMRDA, another partner of consortium, has disputed the fares.
Also Read
Lawyers Iqbal Chagla and Janak Dwarkadas of Reliance Infra and MMOPL respectively informed the division bench of Chief Justice Mohit Shah and Justice M S Sonak that they will keep the fares at Rs 10 for distance upto 3 kms, Rs 15 upto 8 kms and Rs 20 for longer journey (upto 20 kms) till July 31.
The High Court then adjourned the hearing to July 23. It also issued notices to the central government and Maharashtra Urban Development Department on the point of formation of Fare Fixation Committee (FFC).
The Court is hearing an appeal of Mumbai Metropolitan Regional Development Authority (MMRDA) against the single bench order of the High Court denying it the right to decide fares.
The Ghatkopar-Versova Metro route was launched last month. MMRDA had challenged the fare hike by RInfra.
