The KMRL is a well-oiled unit that attempts to seek success with some meticulous planning. They sought to ensure that the going is smooth in the long road ahead and are planning to leave no stone unturned in their endeavor.
After his brief stint in Mumbai and Hyderabad, Elias George MD of Kochi Metro Rail Limited, stressing on the need for non-ticketing revenue sources . said “The income from ticket sale is expected to cover just over 50 per cent of the O and M expenses. The rest of the expenses will have to be pooled from real estate, advertisements in metro stations and trains and naming rights of stations.”
It is true that financial requirements for the Operations & Maintenance purposes of Metro Rail cannot be met through ticket sale, alone and various productive, non-ticketing revenue sources have to be identified for the well-being of this ambitious project.
According to excerpts of Elias George IAS, KMRL have streamlined certain avenues to make up for the non-ticketing revenue resources of the likes of Real Estate, Advertisements and naming rights of stations.
These are very pulpy sectors that can mint money and provide the project with much needed financial impetus and take it to the soaring heights that Keralaites deserve, meeting their expectation in each step of the way.
Further,KMRL is also planning to come up with Metro Plazas that are planned next to 10 stations, which is sure to be a delight for the visitors.
The organization with a tightly knit unit working round the clock is sure to keep at bay the financial wobbles that threaten to eat into exquisite craftsmanship.