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Mumbai: New Metro lines made losses of Rs 281.77 cr
Updated On: 19 August, 2023 07:07 AM IST | Mumbai | A Correspondent
Lines 2A and 7 have been operational for over a year and have garnered revenue of just Rs 40 crore
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Commuters travelling in the Mumbai Metro. Pic/Anurag Ahire
The Mumbai Metropolitan Region Development Authority (MMRDA) has been grappling with financial challenges in recent years. In the fiscal year 2022-2023, the D N Nagar to Dahisar Metro line 2A and Andheri East to Dahisar Metro line 7 are also facing operational setbacks, collectively amounting to a loss of Rs 281.77 crore. Meanwhile, the monorail incurred a loss of Rs 255.05 crore, and due to substantial planned expenditures in the year 2023-2024, the estimated monorail loss is projected to escalate to Rs 529 crore.
Metro line 2A and 7 losses
“In the financial year ending on March 31, 2023, metro line 2A and metro line 7 contributed to MMRDA’s revenue with a total of Rs 41 crore. Specifically, metro line 2A contributed Rs 19.19 crore, while metro line 7 contributed Rs 15.02 crore. The combined operational loss for these lines stood at Rs 281.77 crore,” an anonymous MMRDA official informed mid-day.
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