No stay on Mumbai Metro fare hike: Bombay high court to MMRDA

MUMBAI: The Bombay HC on Tuesday rejected the MMRDA's plea for a stay on the rates fixed for the Mumbai Metro by Reliance Infrastructure-led Mumbai Metro One Pvt Ltd (MMOPL). Justice R Dhanuka said that the fares by MMOPL will continue till the fare fixation committee takes a decision on it. Refusing to go into the issue whether the fare fixed was "reasonable" or not, the high court further asked the Union government to constitute the fare fixation committee.

MMOPL had fixed an initial fare of Rs 10-40 for the Versova-Andheri-Ghatkopar route which was inaugurated on June 8. The MMRDA had dragged RInfra to the high court insisting that the Metro fares should be as per the concession agreement that set it between Rs 9 and Rs 13.

The high court said that MMRDA's plea was "devoid of merits". MMOPL had insisted that the initial fares could operate till the fare fixation committee sets the Metro fares. The HC said that the legality of the resolution authorising the fares can be gone into before the arbitral tribunal to be constituted by MMRDA and MMOPL. MMOPL had justified the fare hike claiming there was a cost escalation of over Rs 1,935 crore above the original project cost of Rs 2,356 crore.

http://timesofindia.indiatimes.com/followceleb.cms?alias=MMRDA,MMOPL,Bombay high court

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