New Delhi: The Ministry of Urban Development, on Monday, announced it has informed the Fare Fixation Committee for recommending revised fares of Delhi Metro Rail Corporation (DMRC).
DMRC fares were last revised in 2009, despite repeated requests by the company for relief in the wake of rising electricity charges and other costs.
“Set up under sections 33 and 34 of the Metro Railway (Operations and Maintenance) Act 2002, the committee has been given three months time 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,” says a statement by the ministry.
DMRC has reportedly been reeling under financial crunch owing to non-revision of fares for the past many years. The operator of Metro trains in the national capital had been pressing the government to set up the FFC (Fare Fixation Committee).
DMRC fares were last revised in 2009. The committee is responsible for recommending passenger fares for DMRC network in Delhi and its extension in the National Capital Region (NCR).
Delhi Metro is a 50:50 partnership between the Delhi government and the Union government. According to the media reports, DMRC had written at least thrice to the ministry in the past few years requesting setting up of the committee.