The Bangalore Metro Rail Corporation Limited (BMRCL) is preparing to implement a notable fare increase, as reported by sources on Sunday.
The anticipated fare hike is expected to be in the range of 30 to 40 percent. This decision follows the recent announcement by the State Transport Department that bus fares will rise by 15 percent across all categories.
A BMRCL official indicated to PTI that the board has nearly finalized the fare increase, which is likely to be put into effect within this month. The official explained that the dramatic rise in operational costs has necessitated this decision.
“We receive funding from various financial agencies and institutions, and we need to meet our loan obligations. Therefore, a fare increase has become unavoidable,” the official stated, adding that the BMRCL does not receive funding from the State Government.
