In what comes across as an important piece of news, coming from down south in the city of Bangalore, Karnataka’s capital, it appears that the revenue from the sale of Bangalore’s metro rail tickets has gone up.
If, for instance, someone wanted to know of the importance and significance of this great paradigm shift of urban mobility in Bangalore, then perhaps paying heed to the following statement of fact is worthwhile:
During the period of 2018-19, as many as 13.37 crore passenger trips were recorded by the venerable Bangalore metro. This was, quite a boost from the previous period. Wondering how? Well, during 2017-18, Bangalore metro recorded around 11 crore passenger trips.
So, what one sees is basically a boost of exactly 2.37 crore passenger trips, hence making one understand the lengthy increase of the revenue from the metro service.
The Bangalore metro, it is worthwhile to note, a great saviour of sorts for a city that is more often than not, caught up in traffic snarls and endless bouts of congestion.
The Bangalore metro, it must be reminded, is one of the most crucial landmark projects of modern Indian infrastructure, something along the lines of Kolkata Metro, Chennai Metro among the other marvels of the world’s largest democracy.
That said, what are the other important details pertaining to the Bangalore metro?
Now all that said, it’s important to understand the real numbers that are at play here, something that the revered print daily “The Hindu” incisively touched upon:
A fully-functional Phase I network and increased ridership have helped Bangalore Metro Rail Corporation Limited’s revenue from tickets to go up by more than ₹79.92 crore in 2018-19 compared to the previous financial year. However, the loss in the same period has gone up by more than ₹109 crore.
Ajay Seth, Managing Director of BMRCL, said in 2017-18, the 42-km Phase I was operational only from June 2017 while 2018-19 saw the whole network being operational through the entire financial year.
Subsequently, 13.37 crore passenger trips were recorded on the metro in 2018-19 compared to around 11 crore in 2017-18.
Revenue from operations increased from ₹324.99 crore in 2017-18 to ₹404.91 crore in 2018-19.