Mumbai Metropolitan Region Development Authority (MMRDA) has yet again clarified that the escalation in capital cost in the 12 km Versova and Ghatkopar metro phase I and the three fold fare hike sought by the Reliance Infrastructurearm Mumbai Metro One (MMOPL) are separate issues.
Therefore, there was no question of revision in fare at this point in time when the metro phase I is yet to be operational. MMRDA's stand is crucial when the project has missed the December deadline pending safety approvals from railways. MMRDA and MMOPL have yet to given new deadline for the commencement of operations.
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http://www.business-standard.com/article/current-affairs/no-fare-hike-at-present-for-mumbai-metro-phase-i-project-114011600840_1.html
Therefore, there was no question of revision in fare at this point in time when the metro phase I is yet to be operational. MMRDA's stand is crucial when the project has missed the December deadline pending safety approvals from railways. MMRDA and MMOPL have yet to given new deadline for the commencement of operations.
Read More on
http://www.business-standard.com/article/current-affairs/no-fare-hike-at-present-for-mumbai-metro-phase-i-project-114011600840_1.html
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