Delhi Metro taking worldwide route to extend its income streams from non-ticketing sources

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Delhi Metro taking worldwide route to extend its income streams from non-ticketing sources

New Delhi: Delhi Metro is about to for a global route and is trying to find consultancy and building tasks overseas, together with within the port metropolis of Alexandria in Egypt. India’s first and largest metro rail firm had final month submitted bidding paperwork to amass consultancy jobs for a metro rail mission in Alexandria.

Moreover, Delhi Metro additionally positioned bid to assemble a whole metro line in Mauritius earlier this week. Other than these, three extra metro networks — in Tel Aviv in Israel, Manama in Bahrain and Ho Chi Minh Metropolis in Vietnam — are additionally on Delhi Metro’s radar.

Delhi Metro, in neighbouring Dhaka, has been engaged as a guide in three routes since 2013, it’s gearing as much as bid for a brand new line. The metro community is trying to improve its income streams from non-ticketing sources as its earnings have been hit arduous by the Covid-19 pandemic.

That is only the start, Financial Instances quoted folks conscious of the shift in Delhi Metro’s technique. Nonetheless, Delhi Metro’s growth plan is just not going to be simple. The metro line might compete with Chinese language friends in Bahrain, whereas in Mauritius, India’s personal building heavyweights similar to L&T might be its key challengers, metro officers within the know of the event stated.

The city transporter has been vying for brand new metro tasks in 5 international locations, including that the pandemic has performed a task in its new method of exploring tasks globally, Vikas Kumar, MD of Delhi Metro Rail Company (DMRC), informed ET.

“We need to improve our share of income from consultancy enterprise, specifically. So, we determined we should broaden our enterprise exterior India by utilizing our core competence. That may fetch us some additional income,” he stated.

Furthermore, the metro, owned equally by the Centre and the federal government of Delhi, is trying to increase its share from the consultancy enterprise to 30 per cent of complete income, in accordance with a senior Delhi Metro official.

Delhi Metro’s enterprise

Earlier than Covid pandemic, DMRC made Rs 505 crore from non-ticketing enterprise, together with actual property, commercial and consultancy work, as towards Rs 3,391 crore from ticketing. The non-ticketing income was simply 13 per cent, and the consultancy portion of it was miniscule, in accordance with an officer.

Within the Mauritius mission, the transporter has determined to go solo whereas for the Bahrain Metro’s 29-km Part 1 work, it’s partnering with Advantage International Holding Ltd with an association that it could execute the EPC (engineering, procurement and building) contract if the Dubai-headquartered monetary firm, which has already certified within the pre-bid stage, manages to win the bid.

The ultimate bidding is predicted to happen in November.

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For the Tel Aviv mission, Delhi Metro has partnered with a neighborhood firm, Poran Shrem Engineering and Appraisal, in addition to Indian Railways-owned firm, RITES, to acquire some consultancy jobs. The consortium has pre-qualified for bidding. Monetary bidding is predicted by year-end.

In Alexandria, Delhi Metro is partnering with RITES and an Egypt-based firm, CEG. For an 11-km-long metro part in Ho Chi Minh Metropolis, it has inked a JV with RITES and one other firm known as ICT. The bid is predicted to be submitted by the top of this month.

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