By using revenues earned through sources other than rail fare, the Mumbai Metropolitan Regional Development Authority aims to infuse a new life in its white elephant
The Mumbai Metropolitan Regional Development Authority is all set to resuscitate Mumbai Monorail by exploring its non-fare box (NFB) revenue resources. Plagued by low ridership, this public transport project has been making losses from the word go. By using revenues earned through sources other than rail fare, the MMRDA aims to infuse a new life in its white elephant.
MMRDA hires a consultant for the revival project
According to experts, capital intensive public conveyance projects like Monorail need a lot of maintenance as well which is why it can not depend on rail fare revenues solely for financial sustainability. This is precisely why the authorities have now planned on using other revenue sources to maintain and revive the Mumbai Monorail.
Moving forward with the plan, the authority is conducting a study to identify and evaluate the non-fare box revenue sources for this public transport system in Mumbai. Gearing up to put the plan in action, MMRDA has hired a consultant to come up with innovative ideas to increase revenue and develop project structures for the same.
Operational for public use since February 2, 2014
While the MMRDA has been administrating and handling the Monorail ever since December 2018, the first phase between Chembur and Wadala has been operational since February 2, 2014. On the other hand, the entire Chembur-Wadala-Sant Gadge-Maharaj Chowk corridor was started on March 4, 2019, for the public. Reportedly, with a budget of ₹30 lakh, the appointed consultant will map out a plan to improve the ridership thereby increasing the fare-box revenue as well.
-with inputs from the Indian Express