Small distance local journey to turn costly
New Year to bring a hike ticket prices of Rs 5 to Rs 10
Mumbai: The Mumbai Railway Vikas Corporation (MRVC) has sent a proposal to railway ministry for increasing the train fare of the distance of 10 kilometers. The proposal meant for the clearing the debt taken for the Mumbai Railway Traffic Project.
Thus the expected hike in the 10 kilometers second class train journey would be of Rs 5 to Rs 10. Meanwhile the fare for the first class journey would be increased by Rs 40 to Rs 55 and second class fare would be increased with Rs 15. The monthly pass of the first class journey would be increased by Rs 75. It is clear that the train journey for smaller distances would be dear in coming times.
At present the number of close distance commuters is increased on Mumbai local trains. Thus the MRVC has proposed a excess charge plan to recur the debt. But after the meeting in between the MRVC officials and the railway board, it is decided that no charge would be increased in the fare of 5 kilometers local train journey.
Because the officials found that the total revenue generation would not go beyond Rs 5 crore.
But MRVC has decided to raise the excess charge on train journey of 10 kilometers, after finding that the surcharge would generate total collection of Rs 30 to 35 crore annually.
The MRVC had taken a debt of Rs 1,613 crore and Rs 1910 crore from the World Bank for Mumbai Railway Traffic Project one and two respectively.
The surcharge would be used to clear the debt. The World Bank had kept the condition to imply the surcharge while returning the debt. Thus the Mumbaikars may have to pay more for their train tickets in the New Year.