Mumbai: The Mumbai Metro Rail Corporation (MMRC) will earn more than ₹200 crore through naming rights for stations on the under-construction Colaba-Bandra-Seepz Metro 3 corridor, Ashwini Bhide, managing director, MMRC, said.
The amount, calculated at an average value of ₹8 crore per station annually over the next five years, is the highest that any station in India will receive, and is among the highest in the world.
“This is the first step towards generating non-fare revenue that would ease funding and keep the fares reasonable for the commuters. The average value of ₹8 Cr ($1.1 million) per station annually is the highest in India and among the highest in the world, beating metro lines in Dubai, Madrid, Jakarta, Kuala Lumpur which averaged up to $1 million per station annually,” Bhide said.
