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Kochi Metro To Launch More Projects To Increase Its Non-Ticketing Revenue
The Kochi Metro Rail (Metro Rail Kochi via Twitter)
Kochi Metro Rail Ltd (KMRL), which has seen its non-ticketing revenue touching nearly Rs 50 crore since the launch of its commercial operation a year ago, is planning to launch more such projects in order to generate more revenue, The New Indian Express has reported.
The commercial services of the KMRL were launched on 17 June 2017 and till October 2018, the ticketing revenue of the service stood at Rs 55.90 crore, while the non-ticketing revenue was Rs 49.58 crore.
According to KMRL managing director APM Mohammed Hanish, KMRL is planning more projects in order to increase non-ticketing revenue.
The projects include plans for setting up a four-star hotel along with development of property at Kakkanad. Major portion of the projects for property development are planned during phase 2 of the extension.
Other sources of non-ticketing revenue include co-branding of the stations, advertisements on Metro Pillars and leasing spaces in stations.
KMRL is also planning to tie up with online booking sites and apps in order to popularise metro tickets on the lines of open bus booking system.
Plans are being made by KMRL to popularise its Kochi1 card, which is co-branded by Axis bank and can be used by cardholders to travel and shop in feeder services of the metro.
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