CMRL has launched a call for tenders to appoint a consultant to provide consultancy services, including feasibility and market study, formulation of non-tariff revenue business plans for its plots and built-up spaces in railway stations. phase – I, its extension and phase II to come.
The broad area of ââwork to be performed by the consultant includes formulating non-tariff revenue plans taking into account CMRL’s business plan while improving existing and current plans and providing new opportunities.
Metro officials said the consultant would suggest the optimal disposal strategy for licensing retail space inside stations and also improving revenue from advertising in stations, trains and on new media. The consultant would also identify other sources of income.
According to CMRL’s annual report, the total metro revenue for 2019-2020 was Rs 287.18 crore, including tariff revenue of 135.12 crore and non-tariff revenue of 38.76 crore. Total expenses were Rs 812.38 crore including operating expenses of Rs 149.57 crore with the loss rising to Rs 525.19 crore from Rs 422.06 crore in the previous fiscal year.
While footfall continues to remain disappointing relative to projected ridership figures impacting fare revenue, CMRL has taken various measures to increase its non-fare related revenue, including the rental of commercial space within the train station. In addition, it is also building a 12-story mini-mall in Ekkattuthangal, which will likely feature retail space on the lower floors and office space on the upper floors.