A year on, Kochi Metro pins hope on service extension to boost revenue

Published: 13th June 2018 05:39 AM  |   Last Updated: 13th June 2018 05:39 AM   |  A+A-

Kochi Metro (Albin Mathew | EPS)

By Express News Service

KOCHI:The Kochi Metro Rail Ltd (KMRL) is expecting the average ridership of Kochi Metro will increase to 60,000 passengers per day, from the present ridership of 40,000, once it reaches Petta. Briefing media persons on Tuesday in connection with the anniversary celebrations of Kochi Metro’s commercial operations, KMRL managing director A P M Muhammed Hanish said the agency is also hoping to bring down the income-expenditure gap considerably through the extension of services to Tripunithura.

“Kochi Metro launched its commercial operations on June 19, two days after the Prime Minister inaugurated it. The average ridership of Kochi metro was 20,000 passengers per day at the time of its launch. After extending the service to Maharaja’s College, the average ridership now stands between 35,000 and 45,000 passengers per day. The income-expenditure gap was `20 lakh initially. Now, we are able to bring it down to `12 lakh.

“That means the monthly loss was brought down from the initial figures of `6 crore to `3.60 crore. This figure will reduce considerably after the extension of service to Petta in 2019,” he said.He said the service will be extended further to SN Junction and Tripunithura railway station soon. “The land acquisition has begun for SN Jn extension and the alignment fixation for Tripunithura railway station extension is also progressing,” said Hanish.

In the second phase, Kochi Metro will be expanded to Kakkanad via Infopark. The renewed proposal, which is submitted before the state government, will be soon sent to the Union Government for the final nod. “The tender for the preparation of DPR for the service extension to Angamaly from Aluva via Nedumbassery is also floated,” added Hanish.

Stay up to date on all the latest Kochi news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp