Bombay High Court accepts proposal for slashing Mumbai Metro fares
With Reliance Infrastructure Ltd and Mumbai Metro One Pvt Ltd (MMOPL) having put forth a proposal for the reduction of Mumbai Metro fares, the Bombay High Court has accepted the proposal.
Reliance Infrastructure – which is the chief partner of the consortium that floated MMOPL which operates Metro – and MMOPL had put forth the proposal for a reduction in Mumbai Metro fares from Rs 10-Rs 40 range to Rs 10-Rs 20 till July 31, 2014.
The proposal had come in the wake of the fact that the promotional Rs 10 fare of the Mumbai Metro is coming to an end, and higher rates were scheduled to come into effect. With the Bombay High Court now having accepted Reliance Infrastructure and MMOPL’s proposal of slashing Mumbai Metro fares, the Rs 10-Rs 20 bracket of fares will remain in force till the end of this month.
With regard to fares, the division bench of Chief Justice Mohit Shah and Justice M S Sonak was informed by lawyers Iqbal Chagla and Janak Dwarkadas – the lawyers of Reliance Infra and MMOPL respectively – that, till July 31, the fares will be Rs 10 for distance of up to 3 kms; Rs 15 for up to 8 kms; and Rs 20 for up to 20 kms.
Accepting the proposal, the High Court adjourned the hearing to July 23. The Court also issued notices to the Central Government and Maharashtra Urban Development Department about the setting up of Fare Fixation Committee (FFC).
Source – The Financial Express
Fare Fixation Committee, Maharashtra Urban Development Department, Mumbai Metro One Private Limited, Mumbai Metro One Pvt Ltd, Reliance Infrastructure-led Mumbai Metro One Pvt Ltd
