Fare revision for Delhi Metro faces more delay

NEW DELHI: There is no quick relief for Delhi Metro as it tries to pull out of a financial mess created because there has been no fare revision since 2009. The appointments committee of the cabinet (ACC) has rejected the name of a retired judge that was submitted by the urban development ministry to head the fare fixation committee, government sources said.

It has asked the ministry to submit new names including that of other members of the panel. Sources said restarting the process would take at least a couple of months because of procedures and more so when there is a new government in Delhi. The ministry has to take the Aam Aadmi Party (AAP) government on board before suggesting new names.

The panel will have three members and will be headed by a person who is or has been a high court judge. The other two members will be Union urban development secretary and Delhi's finance secretary. The panel decides on the formula for fare revision.

TOI has learnt that in the past two years, four names submitted by the urban development ministry has been turned down by ACC.

Now there are apprehensions whether the AAP government would be keen on revising Metro fares within months of coming to power.

DMRC can revise fare only on recommendation of the three-member fare fixation panel. The corporation has been pushing for the setting up of the committee citing that a fare hike has become imperative with a significant increase in operational and input costs. Almost 40% of Delhi Metro's overall expenses go towards paying electricity bills with the power consumption rising to around 63 crore units amounting to almost Rs 450 crore in 2014-15.

Fares were last revised in 2009 when the minimum fare was raised from Rs 6 to Rs 8 and the maximum fare was revised from Rs 22 to Rs 30. Delhi Metro can revise the fare only on the recommendation of the committee.

http://timesofindia.indiatimes.com/followceleb.cms?alias=financial mess,DMRC,Delhi Metro,Aam Aadmi Party

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