DMRC Seeks Rs.302 Crore Assistance
RAILWAYS & METRO RAIL

DMRC Seeks Rs.302 Crore Assistance

The Delhi Metro Rail Corporation (DMRC) has approached the Ghaziabad Development Authority seeking financial assistance of ?302 crore to offset operational losses incurred during the COVID-19 pandemic. The unprecedented challenges posed by the pandemic have significantly impacted the daily operations of the metro network, leading to a decline in revenue and increased financial strain on the corporation.

The DMRC, one of the largest metro networks in the country, has been grappling with reduced ridership and revenue due to various factors associated with the pandemic, including lockdowns, travel restrictions, and public apprehensions about using public transportation. With fewer passengers commuting on the metro, the corporation has experienced a substantial decrease in fare collections, which form a significant portion of its revenue stream.

The request for financial assistance comes as the DMRC seeks to mitigate the adverse effects of the pandemic on its operations and ensure the uninterrupted functioning of the metro network. The funds sought from the Ghaziabad Development Authority are intended to help the corporation meet its operational expenses, including maintenance costs, employee salaries, and other essential expenditures.

The COVID-19 pandemic has underscored the importance of robust public transportation infrastructure while also highlighting the financial vulnerabilities faced by metro operators during times of crisis. As cities strive to recover from the impact of the pandemic and restore normalcy to urban life, supporting vital transportation networks like the DMRC becomes imperative for facilitating economic revival and ensuring the mobility needs of citizens are met efficiently.

The Ghaziabad Development Authority's decision regarding the financial assistance request will play a crucial role in determining the DMRC's ability to navigate through these challenging times and continue providing reliable metro services to millions of commuters in the National Capital Region. As efforts to contain the spread of COVID-19 continue and the economy gradually rebounds, collaborative initiatives between government agencies and metro authorities will be essential in sustaining the momentum of urban development and fostering resilience in the face of future uncertainties.

The Delhi Metro Rail Corporation (DMRC) has approached the Ghaziabad Development Authority seeking financial assistance of ?302 crore to offset operational losses incurred during the COVID-19 pandemic. The unprecedented challenges posed by the pandemic have significantly impacted the daily operations of the metro network, leading to a decline in revenue and increased financial strain on the corporation. The DMRC, one of the largest metro networks in the country, has been grappling with reduced ridership and revenue due to various factors associated with the pandemic, including lockdowns, travel restrictions, and public apprehensions about using public transportation. With fewer passengers commuting on the metro, the corporation has experienced a substantial decrease in fare collections, which form a significant portion of its revenue stream. The request for financial assistance comes as the DMRC seeks to mitigate the adverse effects of the pandemic on its operations and ensure the uninterrupted functioning of the metro network. The funds sought from the Ghaziabad Development Authority are intended to help the corporation meet its operational expenses, including maintenance costs, employee salaries, and other essential expenditures. The COVID-19 pandemic has underscored the importance of robust public transportation infrastructure while also highlighting the financial vulnerabilities faced by metro operators during times of crisis. As cities strive to recover from the impact of the pandemic and restore normalcy to urban life, supporting vital transportation networks like the DMRC becomes imperative for facilitating economic revival and ensuring the mobility needs of citizens are met efficiently. The Ghaziabad Development Authority's decision regarding the financial assistance request will play a crucial role in determining the DMRC's ability to navigate through these challenging times and continue providing reliable metro services to millions of commuters in the National Capital Region. As efforts to contain the spread of COVID-19 continue and the economy gradually rebounds, collaborative initiatives between government agencies and metro authorities will be essential in sustaining the momentum of urban development and fostering resilience in the face of future uncertainties.

Next Story
Infrastructure Energy

GAIL to Set Up Bengaluru CBG Plant Under New Concession Pact

GAIL (India) Limited has signed a 20-year concession agreement with the Bengaluru City Municipal Corporation (BBMP) to set up a compressed biogas (CBG) plant in the city. The project, expected to produce around 10 tonnes of CBG daily, will utilise municipal solid waste as feedstock, contributing to clean energy generation and efficient waste management. The CBG produced will be used in GAIL’s City Gas Distribution network to promote cleaner fuel usage. The initiative aligns with the government’s Sustainable Alternative Towards Affordable Transportation (SATAT) scheme and GAIL’s broader ..

Next Story
Infrastructure Energy

Uttarakhand HC Lifts 31-Year Ban on ONGC’s Contractual Hiring

The Uttarakhand High Court has lifted a 31-year-old ban on the Oil and Natural Gas Corporation (ONGC) from hiring contractual workers, a restriction imposed in 1993. The decision enables ONGC’s Dehradun establishment to employ personnel on a contractual basis to meet operational requirements. The long-standing prohibition had limited ONGC’s ability to fill vacancies in its technical and administrative departments, often leading to project delays and higher dependence on outsourcing. With the court’s directive, the public sector enterprise can now proceed with temporary recruitments whil..

Next Story
Infrastructure Energy

JSW Energy’s Utkal Unit Bags 400 MW, 25-Year Power Supply Deal

JSW Energy Limited announced that its subsidiary, JSW Energy (Utkal) Limited, has secured a Letter of Award (LoA) from Karnataka’s Power Company of Karnataka Limited (PCKL) for the supply of 400 MW of electricity for 25 years. The agreement is part of a competitive bidding process for long-term procurement of power to meet the state’s growing energy demand. The 400 MW capacity will be supplied from JSW Energy’s upcoming thermal power project in Odisha. This development strengthens JSW Energy’s presence in the southern market and aligns with its strategy to enhance long-term contracte..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?