+
SBI Awarded Agra Metro’s Automatic Fare Collection Contract on PPP
RAILWAYS & METRO RAIL

SBI Awarded Agra Metro’s Automatic Fare Collection Contract on PPP

The State Bank of India (SBI) won the Automatic Fare Collection (AFC) contract AGAFC-01 for the 29.40 km Agra Metro Phase 1 project in mid-May.
This systems contract by Uttar Pradesh Metro Rail Corporation (UPMRC) is the final major systems contract that needed to be finalized before commercial operations on Agra Metro's Priority Corridor connecting Jama Masjid Station to Taj East Gate Station could begin.

The contract will be performed under the PPP (public-private partnership) model, with SBI responsible for the end-to-end design, production, supply, installation, testing, and commissioning. An open loop EMV (RuPay/Master/Visa) NCMC card-based AFC system and QR code-based ticketing are used, with each device linked to a centralized back-office AFC system.

This is a renewal bid. When the first round of the tendering process finished in December 2022, UPMRC had received no offers despite inviting contracts in July 2022. Shortly later, a new tender notice with a 1050-day work term was published. When technical bids were opened in March 2023, SBI was the only bidder.
According to the provisions of the agreement, SBI would provide UPMRC a royalty of Rs. 15 lakh every year for ten years. Following the completion of Phase 1 of the Agra Metro project, Year 1 will begin and last for 365 days. On the last day of each of these years, payment would be required. SBI will be eligible for 4% of the money collected from fare boxes and other sources.

The State Bank of India (SBI) won the Automatic Fare Collection (AFC) contract AGAFC-01 for the 29.40 km Agra Metro Phase 1 project in mid-May.This systems contract by Uttar Pradesh Metro Rail Corporation (UPMRC) is the final major systems contract that needed to be finalized before commercial operations on Agra Metro's Priority Corridor connecting Jama Masjid Station to Taj East Gate Station could begin.The contract will be performed under the PPP (public-private partnership) model, with SBI responsible for the end-to-end design, production, supply, installation, testing, and commissioning. An open loop EMV (RuPay/Master/Visa) NCMC card-based AFC system and QR code-based ticketing are used, with each device linked to a centralized back-office AFC system.This is a renewal bid. When the first round of the tendering process finished in December 2022, UPMRC had received no offers despite inviting contracts in July 2022. Shortly later, a new tender notice with a 1050-day work term was published. When technical bids were opened in March 2023, SBI was the only bidder.According to the provisions of the agreement, SBI would provide UPMRC a royalty of Rs. 15 lakh every year for ten years. Following the completion of Phase 1 of the Agra Metro project, Year 1 will begin and last for 365 days. On the last day of each of these years, payment would be required. SBI will be eligible for 4% of the money collected from fare boxes and other sources.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code