Jaipur Metro Rail Corporation to lease out Metro stations for ATMS, stores

  • | Friday | 20th July, 2018

JAIPUR: Despite several failed attempts, the Jaipur Metro Rail Corporation ( JMRC ) is once again gearing up to increase its non-fare revenue from Jaipur Metro.The corporation has invited tenders to lease out metro stations to install ATMs and retail stores. Total 472.70 square metre land at concourse level and 165 square metre at street level in Vivek Vihar station will be leased out. According to JMRC officials, tenders have been invited to lease out retail space for ATM machines at six stations. The JMRC has decided to lease out space for five years and provide two years extension after the completion. For the same, applicants can deposit the tender forms till August 21, 2018.Similarly, the JMRC has planned to lease out retail spaces at three metro stations, including Vivek Vihar, Ramanagar and Chandpole .

JAIPUR: Despite several failed attempts, the Jaipur Metro Rail Corporation ( JMRC ) is once again gearing up to increase its non-fare revenue from Jaipur Metro.The corporation has invited tenders to lease out metro stations to install ATMs and retail stores. According to JMRC officials, tenders have been invited to lease out retail space for ATM machines at six stations. The JMRC has decided to lease out space for five years and provide two years extension after the completion. For the same, applicants can deposit the tender forms till August 21, 2018.Similarly, the JMRC has planned to lease out retail spaces at three metro stations, including Vivek Vihar, Ramanagar and Chandpole . Total 472.70 square metre land at concourse level and 165 square metre at street level in Vivek Vihar station will be leased out. The JMRC has decided to lease out space for seven years and provide three years extension after the completion.At Ram Nagar, the corporation would lease out total 2038 square metre area for initial 15 years. Extension of five years can be provided after completion of period.Total 400 square metre area at ground floor and 25.5 sq metre area at concourse level in Chandpole station will be leased out for seven years. To resolve the queries the corporation has also organised pre-bid meeting on July 31.As JMRC is struggling to meet operational losses every year due to decrease in rider-ship, efforts are been made to increase the non-revenue fare.The agency earns approximatively Rs 16 crore in financial year 2016- 2017 after spending about Rs 36 crore . Unlike other state Metros, the maximum share of operational losses of Jaipur Metro are being borne by residents since the state government is raising money for Rajasthan Transport Investment Development Fund (RTIDF) by levying cess on several services An official source informed, "Twenty five percent of the total revenue accrued to RTIDF is from green Tax/surcharge on taxes on registration of vehicles. More 25% of the total revenue accrued to RTIDF is from surcharge/ stamp duty on registration/ transfer of land, buildings etc."

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