Namma Metro records a Rs 100 crore loss due to non-operation from last four-month

BENGALURU (Metro Rail News): It has already been more than four months after the nationwide lockdown and with that Namma Metro’s operations were suspended due to the ongoing pandemic. This has made Bangalore Metro Rail Corporation Limited (BMRCL) a huge loss as it has not received a single rupee in the form of passenger revenue for the entire duration of time.

According to different media reports, the corporation has incurred a loss of Rs 100 crore in the entire period.
“We have been using project funds so far. Our monthly expenses are around Rs 25 crore a month.
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We will have to approach the government finally,” BMRCL managing director Ajay Seth was quoted saying by TOI. The corporation is now looking for government aid to get out of the money crunch.

During the pre-COVID days, the daily ridership of BMRCL’s daily was around 4.5 lakh and it gained an average passenger revenue Rs 1.5 crore on a daily basis. It is clear that even the passenger services resume, the corporation will not be able to earn as much as it used to earn in the pre-COVID days. It has been reported that the government is thinking of releasing a fund of Rs 961 crore to four transport undertakings, including KSRTC and BMTC especially for paying the salaries of its employees but the amount has not yet reached to the corporation.

The decision for the resumption of the metro services in Bangaluru completely remains with the Central Government and as the pandemic gains pace, it is unlikely to give nod for running metros.

Meanwhile it is being reported that the corporation has deployed 714 staffs for Covid duty in a condition where the Corporation is facing a money crunch. As per the official sources, the BMRCL is waiting for some government funds to pay its employees and continue its maintenance works.