NEW DELHI (Metro Rail News): The Delhi Metro Rail Corporation Limited (DMRC) has said that there was some decline in cumulative ridership due to protests and riots in Delhi, the Centre has informed Parliament.
Responding to Unstarred Questions, the Ministry of Housing and Urban Affairs told the Lok Sabha in a written reply on Thursday that the DMRC faced a loss of an estimated revenue of Rs 1,609 crore due to closure of Metro services in view of Covid-19 pandemic. The Ministry said that preparatory work like detailed designing, preparation of tender schedule, and finalisation of tenders were carried out by the DMRC during the countrywide lockdown.
When asked “whether the government has devised any strategy to mitigate the effect of losses incurred by the DMRC”, the Ministry said various innovative means like provisioning of the feeder system, property development at stations and on other lands, leasing of spaces, Transit-Oriented Development and Value Capture Finance are enumerated in Metro Rail Policy, 2017 to enhance revenue of DMRC”.
Responding to the question as to how the DMRC is managing or restructuring loan payments, the Ministry said that payments towards loans have been made by it as per the schedule. The Union Housing and Urban Affairs Ministry has issued Standard Operating Procedures for the functioning of Metro trains allowed under the ‘Unlock 4’ guidelines.