RIL asserts in Bombay High Court that up to Rs 40 Metro fare is “legally justified”
Metro developer and operator Reliance Infrastructure Ltd (RIL) said in the Bombay High Court last week that Metro fare between Rs 10 and Rs 40 was “legally justified, in public interest and reasonable.”
Referring to the Metro Railway (Operation and Maintenance) Act of 2002, RIL – which is part of the Anil Ambani group – said in an affidavit that it is because of the Act, which governs the Metro system, that RIL has been authorized to fix the initial fare.
Moreover, RIL also said that the Indian Tramways Act of 1886 – under which the Metro fare was fixed by the Maharashtra government in September 2013 – was no longer applicable.
With the Metro fare to be finalized by a fare fixation committee, RIL’s affidavit came in response to an arbitration petition which Mumbai Metropolitan Region Development Authority (MMRDA) has field to challenge the official Metro fare fixed by Mumbai Metro One Pvt Ltd (MMOPL).
Terming the fare hike as high-handed and unilateral, MMRDA had said that the increase in fare was not fair at all to shareholders or commuters. The company said: “MMRDA, 26 per cent shareholder in MMOPL, was attempting to cause loss to itself as a shareholder by seeking interim relief against the fares set.”
Source – The Times of India
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