The Administration is reportedly working on a funding model to be implemented for the project while also considering leasing/renting out space alongside metro stations to private players for commercial or office purposes.
Even as RITES, a Government of India enterprise under the aegis of Indian Railways, had recently proposed the routes along the central parts of the city targeting the working class, the Administration has asked for the southern sectors to be incorporated in the route.
“The Finance department is considering various financial models for the Metro. The options available are Public Private Partnership (PPP), Built-Operate-Transfer (BOT), Built-Operate-Own (BOO), funded entirely by the government or funded entirely by a private body. The pricing of the tickets calculated in the RoI (Return on Investment) and the revenue from advertisements will therefore depend on the funding option chosen,” said Finance secretary Sanjay Kumar.
Sanjay Kumar further added that special parking areas will be developed at certain busy routes on the Metro line. Also, a point-to-point local bus service will be made available to them.
“The emphasis will be to encourage maximum people to use the Metro and the fares will be decided accordingly. With the proposal to have 100 new buses, including both AC and non-AC, and also 17 mini-AC buses a connecting support will be provided on the routes of the Metro,” he added.
The Administration is also expected to approach the Railways for a shuttle service on the Metro routes. On his visit to the city on February 18, General Manager, Northern Railways, Vivek Sahay had told Newsline that the Railways will provide infrastructural support for the shuttle service project.