BENGALURU: For the second consecutive financial year, the Bangalore Metro Rail Network Corporation Limited (BMRCL) has clocked operational profits. It has touched Rs 129.3 crore for the fiscal 2023-2024, the highest ever, said Metro sources sharing the provisional figures readied by them.
It is India's largest and busiest metro rail system. The metro has a mix of underground, at-grade, and elevated stations using broad-gauge and standard-gauge tracks. The metro makes over 4,300 trips daily.
The Japan International Cooperation Agency (JICA) has signed a loan agreement of 79,726 million Japanese Yen (approximately INR 4,649 crores) to fund the Delhi Mass Rapid Transport System Project (Phase 4 Additional Corridors) (I), part of a larger project worth 298,358 million Yen.
It calculates total passengers and revenue separately for peak and non-peak hours, and sums them to estimate a total daily revenue of approximately Rs. 492 lakhs, or Rs. 49.2 million.
DMRC is a joint venture between the Government of India (GoI) and the Government of National Capital Territory of Delhi (GNCTD) with 50:50 equity participation.
The physical toll of overcrowding also came through in personal accounts. “Once I almost dislocated my shoulder while deboarding the metro at such a crowded station,” one commuter shared. One Redditor said, “Delhi just has far fewer stations and lines for its population.
BMRCL has posted operational profit for the last two financial years (2022-23 and 2023-24) and was able to source its interest cost from operating surpluses. During the financial year 2023-24, the BMRCL earned a fare box revenue (from ticket sales and other direct payments from passengers for rides) of Rs.
Hong Kong's MTR Corporation runs the most valuable metro railway in the world. In 2017 it banked US$2.2 billion (HK$17 billion) profit, more than enough to buy seven Boeing 777 jets.
Revenue from fares also increased by 15.6 per cent, from Rs 147 crore to Rs 170 crore. MMRDA Chairman and Deputy Chief Minister Eknath Shinde said, “The three-fold growth in non-fare revenue isn't just a financial success, it is a testament to our vision for a successful, contemporary Metro system.
It is jointly owned by the Government of India and Government of Delhi. The metro project has been implemented in multiple phases, with funding coming from the central and state governments, as well as loans primarily from the Japan International Cooperation Agency.
Dr. E. Sreedharan is called the Metro man of India because of his pioneering role in building the Konkan Railway, Delhi Metro and his influence on urban transport projects across India.
Traffic is chaotic, air quality abysmal, and the crowds overwhelming. Underground is a different story: The Delhi Metro's air-conditioned efficiency makes you feel like you're in a completely different city. It is easy to understand why everyone in India now wants a similar system.
From top to bottom: Shanghai Metro is the metro system with the highest annual ridership in the world. Beijing Subway has the most subway stations and longest system in the world.
Delhi Metro had an EBITDA of ₹811 crore but reported a net loss in FY-23. Since its inception in 2002, Delhi Metro has never been net profitable, despite reporting operational profitability. One major reason for its net loss is the high financing cost paid to JICA, which has funded 45-70% of all Delhi Metro projects.
The Golden Line (Line 10 and Line 11) is a rapid transit line of the Delhi Metro currently under-construction. It will connect southern Delhi directly with Indira Gandhi International Airport to relieve the increasing traffic, congestion and pollution on roads.
Kochi: The Kochi Metro Rail Limited (KMRL) authorities claimed that the Kochi Metro was profitable during the financial year 2023-24. According to the annual report of KMRL for FY24, the operational revenue generated was Rs 151.30 crore, and the operational expense was Rs 205.59 crore.
The rest of the funding is being jointly contributed by the Government of India, the Maharashtra State Government/ Mumbai Metropolitan Region Development Authority (MMRDA), making it a strong example of international and domestic collaboration in infrastructure development.
Metro AG is a German multinational company based in Düsseldorf which operates business membership-only cash and carry stores primarily under the Metro brand. As of March 2024, Metro is operating 626 wholesale stores in 21 countries. The company was established in 1964 by Ernst Schmidt and Wilhelm Schmidt-Ruthenbeck.
