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DMRC suffered loss of Rs 1,609 cr due to closure of metro services: Govt

DMRC suffered a loss of around Rs 1,609 crore due to the closure of metro services due to Covid-19 pandemic, Union Housing and Urban Affairs Minister Hardeep Singh Puri told Lok Sabha on Thursday

DMRC | Lockdown | Coronavirus

Press Trust of India  |  New Delhi 

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The Delhi Metro Rail Corporation (DMRC) suffered a loss of around Rs 1,609 crore due to the closure of metro services in view of the COVID-19 pandemic, Union Housing and Urban Affairs Minister Hardeep Singh Puri told Lok Sabha on Thursday.

Delhi Metro services, which were shut on March 22 to contain the spread of novel coronavirus, resumed on September 7 in a phased manner. Full-fledged normal operations resumed on September 12.

" has informed that loss of revenue due to closure of metro services in view of COVID-19 pandemic is around Rs 1,609 crores," Puri said in a written reply to a question.

During the period, he said, preparatory work like detailed designing, preparation of tender schedule and finalisation of tenders, among other things, had been carried out by the .

Puri said the has informed that payments towards its loan have been made as per schedule.

Responding to another question about the government's strategy to mitigate the effect of losses incurred by the DMRC, Puri said measures to enhance revenue through various innovative means like provisioning of feeder system, property development at stations and on other land, leasing of spaces, Transit Oriented Development and Value Capture Finance are enumerated in the Metro Rail Policy, 2017.

"Ensuring financial sustainability during operations of metro rail system is responsibility of State Government," the minister said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, September 17 2020. 18:48 IST