NOIDA (Metro Rail News): The Noida Metro Rail Corporation (NMRC) in its annual board meeting on Thursday decided to terminate the contract of the feeder bus service, four years after its operation. The fleet of 50 low-floor buses was meant to provide last-mile connectivity from metro stations to different sectors and villages. The feeder buses had been plying in Noida and Greater Noida since December 14, 2016, according to a news report by HT.
“NMRC on Thursday convened its 26th board meeting followed by its 6th Annual General Meeting. Both the meetings were conducted via video conferencing at the NMRC headquarters in Noida. The NMRC’s monthly revenue from the bus service was is ₹1 crore, against ₹3 crore of operational expenses a month”, Manoj Vajpayee, general manager, NMRC was stated saying by HT.
As per details available with us, the NMRC had signed a contract with a private transport company for the bus service. NMRC had suspended the services of this bus facility since the outbreak of Coronavirus in March this year.