After the Assembly polls Delhi Metro fares may be hiked soon as the government has initiated a process to review the rates which were last raised in 2009.
According to sources on Sunday confirmed that the Union urban development ministry has sent a proposal to the appointments committee of the cabinet to set up a fare-fixation panel which will submit its report within three months of getting approved. Retired Justice AK Srivastava has been chosen as the Chairman of the Committee.
The other two members of the committee are the urban development secretary and the Delhi government’s finance secretary.
Fares were last revised in 2009 when the minimum fare was raised from Rs 6 to Rs 8 while the maximum fare was hiked to Rs 30 from Rs 22.
DMRC’s operations director Sharat Sharma had said that during DMRC’s 12th anniversary celebrations almost 40 per cent of 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.