5 Metro rail corporations suffered ₹2,000 cr. loss due to lockdown: Centre


Urban Affairs Minister Hardeep Puri tells House that Delhi Metro had suffered a loss of ₹1,609 crore

Five Metro rail corporations — in Delhi, Bangalore, Lucknow, Chennai and Kochi — have reported combined losses of almost ₹2,000 crore due to the COVID-19-induced suspension of services, according to a reply given to the Lok Sabha on Thursday.

In a written reply to Kerala Congress MP Benny Behanan’s question, Housing and Urban Affairs Minister Hardeep Puri informed the House that the Delhi Metro had suffered a loss of ₹1,609 crore, while the Bangalore Metro, the Lucknow Metro, the Chennai Metro and the Kochi Metro lost ₹170 crore, ₹90 crore, ₹80 crore and ₹34.18 crore respectively due to “halting of Metro rail services during the COVID-19 period.”

Asked if there had been any impact on loan repayments by any of the Metro services due to the lockdown since March, the Minister replied in the negative.

State subject

To a question on steps taken by the government to address the situation since Metro networks have substantial international investment, the Minister replied: “Urban transport is an integral part of urban development, which is a State subject. As per the Metro Rail Policy 2017, financial sustainability during operations of the metro rail system, which also includes debt servicing, is the responsibility of the State government.”

Metro services, which had been suspended since March, were resumed on September 7 across the country, apart from Maharashtra.

Show Less Plan

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Faster pages

Move smoothly between articles as our pages load instantly.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Personalised recommendations

A select list of articles that match your interests and tastes.

Briefing

We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.



Source link

Advertisement

Sagar Biswas

Leave a Reply