Wednesday, July 23, 2008

DMRC’s revenues likely to exceed 194% by 2011

by Ed Roberts

The Associated Chambers of Commerce and Industry of India (Assocham), the highest body of the Chambers of Commerce of India, has revealed that revenue earnings of Delhi Metro Rail Corporation (DMRC) may shoot up by about 194% in next 3 years and touch Rs.21 billion ($525 million).

Assocham finding says that by that time DMRC would have successfully rented out most of its space along metro’s track lines for commercial utilization as well as advertisements, besides a vast majority of road traffic would have shifted on to Delhi Metro.

According to ASSOCHAM Forecast Paper on `Future’s Revenue Growth of DMRC by 2011’, through rental’s alone, DMRC’s revenue generation would go beyond Rs.8.50 billion ($212.5 million) from lead corporates outlets, ATMs etc. Through sale of tickets, the DMRC is expected to earn nearly Rs.7 billion ($175 million) etc. and about Rs.6 billion ($150 million) from space allocations to corporate advertisers.

Releasing the Forecast Paper, the ASSOCHAM Secretary General, Mr. D S Rawat said that metro’s stations on both sides of the railway tracks would be filled with ATM machines for banking transactions and be occupied by food stalls serving tea, coffee, snacks and other beverages.

 

 

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