Wednesday 17 August 2011

Metro Finance


The capital cost of Phases I and II has been estimated to be Indian Rupee symbol.svg14,430 crore (US$3.22 billion) at 2004 prices However, more recent estimates have placed the cost of construction at Indian Rupee symbol.svg200 crore (US$44.6 million) per kilometer. Thirty percent of the total investment for Phases I and II has been raised through equity capital with the Government of India (GoI) and Government of Delhi contributing equal shares, and approximately another 60 percent has been raised as either long-term or subordinate debt, through soft loans from the Japan Bank for International Cooperation. The rest of the investment is proposed to be recovered from internal revenues through operations and property development. The Metro also received Indian Rupee symbol.svg1,914.3 crore (US$426.9 million) as grant-in-aid from various agencies for the financial year ending March 2009. As of August 7, 2010, Delhi Metro has paid back an amount of Indian Rupee symbol.svg567.63 crore (US$126.58 million), which includes loan amount for Phase I and interest amounts for Phases I and II, to the Japan International Cooperation Agency (JICA).



In 2007, the Delhi Metro claimed to be one of only five metro systems in the world that operated at a profit without government subsidies. This was enabled by keeping maintenance costs to a minimum and harnessing additional revenue from advertisements and property development, apart from ticket sales. The Metro also generates revenue by leasing out its trains and stations for film shoots. Due to its increasing association with Delhi as an image of the city's everyday life, it has been a popular filming location for production houses, and several films and advertisements have been shot on board. Producers have to pay as much as Indian Rupee symbol.svg1 lakh (US$2,230) for every hour of filming, besides a security deposit and insurance.
For the financial year ended March 2008, the Metro reported operating revenues of Indian Rupee symbol.svg305.27 crore (US$68.1 million) and a profit before tax of Indian Rupee symbol.svg19.98 crore (US$4.46 million), which rose to Indian Rupee symbol.svg723.77 crore (US$161.4 million) and Indian Rupee symbol.svg90.43 crore (US$20.2 million) respectively for the financial year ended March 2009.


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