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News Entry# 287293
  
Dec 01 2016 (06:22)  Minimum fare for Metro is Rs 10 (timesofindia.indiatimes.com)
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Commentary/Human InterestKMRC/Kochi Metro  -  

News Entry# 287293     
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Posted by: rdb*^  126143 news posts
Kochi: In a major step towards facilitation of commercial operations of Kochi Metro, the Kochi Metro Rail Ltd (KMRL) has finally fixed the fares applicable for the service.
As reported by TOI, the minimum fare is fixed at Rs 10, and commuters can travel a distance of 2km at this rate. For 5km, the fare will be 20 and it will be Rs 30 for 10km. For a 15-km journey, the charge will be Rs 40 and commuters will have to shell out Rs 50 for travelling a 20-km distance. The rate fixed for the entire 25-km journey from Aluva to Pettah is Rs 60.
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decision in this regard was taken at the KMRL board of directors meeting held in New Delhi on Wednesday.
"The board has authorized the management to take a decision on special discounts on fares for users of 'Kochi1' smart card and app," said KMRL spokesperson.
The Kochi Metro fares are higher than the bus fares in the city, and KMRL maintained that they opted for higher fares considering the comfort, lesser time taken for travelling and dependability of the Metro.
"The approved fare structure also compares favourably with other Metros across the country," she added.
The board approved recommendations for optimum fare structure which was based on a study conducted by IIM Bangalore. The study proposed that 'fare zones' be identified with the proximity to the point of origin of Kochi Metro, which is Aluva.
The fare zones of Kochi Metro are identified as F1, F2, F3, F4, F5 and F6. From the point of origin to 2km is considered F1, up to 5km is considered F2, up to 10km is considered F3, and it continues to increase in multiplies of five leading to F6. The rates increase in multiples of 10.
The board of directors also approved Kochi Metro's advertisement policy, station naming rights policy and station interconnection policy along with other related strategies that have to be implemented as part of alternate revenue generation schemes. The board also reviewed the progress of the project as well as the schedule for the next few months.
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