{"id":524164,"date":"2022-09-22T10:55:54","date_gmt":"2022-09-22T05:25:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=524164"},"modified":"2022-09-22T12:51:07","modified_gmt":"2022-09-22T07:21:07","slug":"mumbai-metro-to-earn-rs-216-cr-from-naming-rights-of-5-metro-3-stations","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/mumbai-metro-to-earn-rs-216-cr-from-naming-rights-of-5-metro-3-stations\/","title":{"rendered":"Mumbai Metro to earn Rs 216 cr from naming rights of 5 metro-3 stations"},"content":{"rendered":"<p>In a novel infrastructure monetisation initiative, the Mumbai Metro Rail Corporation Ltd. (MMRCL) has awarded naming rights for five stations on the Colaba-BKC-SEEPZ Metro-3 line for a whopping Rs.216 crore.<\/p>\n<p>Announcing this, MMRCL\u2019s Managing Director Ashwini Bhide said that the station naming rights contract will last for a period of 5 years starting from the commissioning of the line.<\/p>\n<p>\u201cThe total value of station naming rights is Rs. 216 crore cumulatively over 5 years with 5 per cent annual escalation. This will help MMRCL generate non-fare revenue to the tune of Rs 40 crore annually,\u201d Ms Bhide said.<\/p>\n<p>The five stations for which the naming rights have been given are: Bandra Kurla Complex, Chhatrapati Shivaji Maharaj Terminus to Kotak Mahindra Bank; Siddhivinayak Metro Station to ICICI Lombard;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a novel infrastructure monetisation initiative, the Mumbai Metro Rail Corporation Ltd. (MMRCL) has awarded naming rights for five stations on the Colaba-BKC-SEEPZ Metro-3 line for a whopping Rs.216 crore. Announcing this, MMRCL\u2019s Managing Director Ashwini Bhide said that the station naming rights contract will last for a period of 5 years starting from the commissioning of the line. \u201cThe total value of station naming rights is Rs. 216 crore cumulatively over 5 years with 5 per cent annual escalation. This will help MMRCL generate non-fare revenue to the tune of Rs 40 crore annually,\u201d Ms Bhide said. The five [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,263,144],"tags":[],"class_list":["post-524164","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-railways-the-pioneer","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/524164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=524164"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/524164\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=524164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=524164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=524164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}