Metro Railway Companies Look At Financial Viability To Reduce Govt Funding
With the financial viability of mass rapid transport system coming into question and leading to the postponement of several metro railway projects in the country, companies such as Delhi Metro Rail Corporation Ltd (DMRCL) and Bangalore Metro Rail Corporation Ltd (BMRCL) are coming up with innovative approaches to either open alternative revenue streams or reduce their costs. In turn, it will lead to reducing their dependency on government funds. DMRCL has signed an agreement to procure 150 MW of solar power, which will fuel its auxiliary power requirements at few stations. While it’s current procurement of thermal power costs Rs 6 a unit, solar power will cost around Rs 4 per unit. It is estimated that as a result, DMRCL can reduce costs to the tune of Rs 4 billion a year.
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