Mumbai Metro One: Issues in Fare Fixation

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Abstract

The Line I of the Mumbai Metro was being built by REL, Veolia Transport and MMRDA through the SPV, MMOPL. The project had been initiated by the Maharashtra State Government through the MMRDA. Due to the amendments in the Metro Railways Act, the project came under the Centre, after award of the concession. The amended MRA gave the initial fare fixation right to MMOPL, to be followed by reviews by an FFC. MMOPL proposed a fare structure higher than what MMRDA had proposed as per the CA, justifying it on increased project costs on account of delays in construction. This was unacceptable to MMRDA. After a series of court hearings, an FFC was formed to review the fares.

Additional Information

Product Type Case
Reference No. CIPR0024
Title Mumbai Metro One: Issues in Fare Fixation
Pages 37
Published on Nov 17, 2015
Authors Gupta; Abhinav; Mangla, Arushie; Tibrewala, MayankNaveen, Nishant; Kejriwal, Udit; Raghuram, G; ;
Area Centre for Infrastructure Policy and Regulation (CIPR)
Discipline Public Policy and Law, Strategic Management
Keywords Mumbai Metro; Fare Fixation Committee; PPPs; MMRDA; Cost Escalation; MMOPL
Country India
State Maharashtra
City Mumbai
Organization MMRDA, RINFRA

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