MMRDA

MMRDA operating Monorail service at loss of Rs 5 lakh a day

MMRDA operating Monorail service at loss of Rs 5 lakh a dayThe Mumbai Metropolitan Region Development Authority (MMRDA) is operating its much-hyped Wadala-Chembur Monorail service at a loss of around Rs. 5 lakh per day.

Available figures suggest that Wadala-Chembur Monorail tickets are raking in around Rs. 2 lakh per day, but it costs MMRDA nearly Rs. 7 lakh daily to operate the service.

The daily loss of Rs. 5 lakh piles up to become a huge loss of Rs. 1.5 crore per month.

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