Published on Mon, Jul 28, 2008 at 08:36 | Source : Business Line
Updated at Mon, Jul 28, 2008 at 09:04
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Delhi Metro Rail needs to ride on rental revenues
If Delhi Metro Rail Corporation (DMRC) is able to rent out most of the real-estate space along its track lines for commercial utilisation, then it is expected to rake in revenues of Rs 2,100 crore three years down the line, which is almost 190 per cent higher than the current levels, states an Assocham study.
By 2011, the metro stations on both sides of the railway tracks would be filled with ATM machines for banking transactions and food stalls serving tea, coffee, snacks and other beverages, it said.
By 2011, the study estimates that the Delhi Metro would also be able to generate 25,000 jobs for skilled and semi-skilled workforce and become a leading body for providing employment particularly to civil, mechanical, electronics and electrical engineers, besides technicians, station and train controllers, security personnel and other supporting staff. According to Assocham estimates, nearly 42 crore man-hour is lost every month by about 70 lakh working population of Delhi and National Capital Region (NCR) due to commutation time - from home to office and office to home as a result of traffic congestion and increasing jams during peak morning and evenings hours.
Commuting woes
Ninety per cent Delhi and national capital region (NCR) working population, who presently commute using the public transport, are expected to switch over to the metro.
Moreover, out of the remaining commuters who use personal transport modes, about 65-85 per cent commuters are likely to switch over to the metro rail.
The maximum time metro is likely to take to connect from peripheries of national capital region (NCR) to South Delhi will be between 45 minutes and one hour, compared to the current level of two-three hours one way in the public transport system.
