Tag: Loss running metros

  • Lucknow Metro Information: Even after 5 years, Lucknow Metro in lack of Rs 194.85 crore, 35 hundred crore financial institution mortgage is left… know why

    Sandeep Tiwari, Lucknow: This present day Lucknow Metro is operating at a lack of Rs 194.85 crore. This loss contains the profits of financial institution installments, passion and tokens. The cause of that is stated to be low source of revenue and top expenditure. On the similar time, the situation is so unhealthy that the Lucknow Metro building price isn’t in a position to pay even the mortgage installment of Rs 3500 crore. Because of this, the Lucknow Metro Management has sought lend a hand from the Uttar Pradesh govt. Lucknow Metro has asked the federal government for the availability of budget within the monetary price range. It’s been 5 years for the reason that operation of Lucknow Metro. Regardless of this, handiest 70 to 75 thousand passengers are touring day-to-day. While the metro has been made for double the collection of passengers.

    Metro remained closed for 7 months
    To do away with this, Lucknow Metro has appealed to the UP govt to suggest to catch up on the deficit within the price range. With this, Metro can get cash and the pending debt can also be paid off. Allow us to tell that within the contemporary assembly chaired by way of Leader Secretary Durga Shankar Mishra, this proposal of Metro was once additionally saved. Pushpa Belani, Leader Public Family members Officer of Uttar Pradesh Metro Rail Company Restricted (UPMRC), stated that the Lucknow Metro remained closed for seven months because of corona an infection. It has additionally been suffering from the closure of operations.
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    80 % of the folk of town use auto pace or personal automobiles
    He stated that the metro was once constructed within the capital to cut back the burden at the roads and for the nice of the folk. One of the most objectives of Lucknow Metro was once to develop into a viable choice to auto and pace. However even nowadays 80 % of the folk of town are the use of auto pace and personal automobiles.
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    Making ready to cut back the price of metro
    Pushpa stated that to conquer this deficit, she has appealed to the state govt for lend a hand. On the similar time, efforts are being made to cut back the price of Lucknow Metros. Excluding this, paintings could also be being carried out on the right way to build up the profits.

    Lucknow Metro (record photograph)