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KMRL eyes value-capture finance to mobilise alternative revenue


Those located 500 m away from metro corridor may have to pay more tax
Faced with mounting operational expenses and fall in patronage, Kochi Metro Rail Limited (KMRL) is readying plans to increase non-ticketing revenue, including through value-capture finance.
This comes in the wake of fear that Kochi metro’s loss this fiscal will be much more than the ₹310-crore loss it incurred in 2019-20, with the pandemic ruining hopes of an increase in passenger footfall and income from real estate and advertisements.
“The metro agency is currently heavily dependent on the government for its sustenance. With any increase in income from passenger footfall a far cry, plans are afoot to garner income from value-capture finance. In this, direct beneficiaries of the system of mass rapid transport like commercial establishments and houses/apartments located 500 m away from the metro corridor can be brought under a higher tax structure (whereby a portion of the tax paid will go to ....

Kerala Metropolitan Transport Authority , Kochi Metro Rail Limited , கேரள பெருநகர போக்குவரத்து அதிகாரம் , கோச்சி மெட்ரோ ரயில் வரையறுக்கப்பட்டவை ,

KMTA badly in need of funds, personnel


KMTA badly in need of funds, personnel
Updated:
Updated:
Treasury issues standing in the way of utilising the meagre funds allocated by govt.
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A view of the Vyttila Junction in Kochi. The Kerala Metropolitan Transport Authority Transport Authority (KMTA) was constituted in November 2020 to usher in improvement in commuting in the Greater-Kochi area.
  | Photo Credit: THULASI KAKKAT
Treasury issues standing in the way of utilising the meagre funds allocated by govt.
The Kerala Metropolitan Transport Authority (KMTA), the first agency of its kind in India to have full-fledged legislative backing and was constituted in November 2020 to usher in qualitative and quantitative improvement in commuting in the Greater-Kochi area, has been hamstrung due to non-allocation of adequate personnel and funds by the Finance Department. ....

Ernakulam North , Jafar Malik , Motor Vehicles Department , Kerala Metropolitan Transport Authority , Kochi Metro Rail Limited , Greater Cochin Development Authority , Goshree Islands Development Authority , Officials Of The Finance Department , Cochin Smart Mission Limited , Chief Executive Officer , Finance Department , Comprehensive Mobility Plan , Greater Kochi , Kmta Funds Crunch Public Transport In Greater Kochi Private Bus Services Kmrl Initiatives , எர்னகூளம் வடக்கு , ஜாஃபர் மாலிக் , மோட்டார் வாகனங்கள் துறை , கேரள பெருநகர போக்குவரத்து அதிகாரம் , கோச்சி மெட்ரோ ரயில் வரையறுக்கப்பட்டவை , அதிகமானது கொச்சின் வளர்ச்சி அதிகாரம் , அதிகாரிகள் ஆஃப் தி நிதி துறை , கொச்சின் புத்திசாலி பணி வரையறுக்கப்பட்டவை , தலைமை நிர்வாகி அதிகாரி , நிதி துறை , விரிவான இயக்கம் திட்டம் , அதிகமானது கோச்சி ,