The Mumbai Metro Rail Corporation (MMRC), which is executing the fully-underground Metro-3 (Colaba-Bandra-Seepz) corridor, has objected to the multi-year tariff hike proposed by Tata Power for Metros. It states that a hike of 35% will add to the existing financial burden of the corporation.
“The tariff hike will add a burden of ₹46 crore by 2021 and a total of ₹80 crore by 2025. This will only result in a fare hike, as unlike railways, there is no other source of revenue for Metro,” an MMRC official said.
MMRC, in its objection, has stated that since Metro-3 is an underground line, the power charges will account for 35% of the operation and maintenance costs, once operational.
