Telangana Hyderabad - Metro charging excess fares, reveals CAG report
According to a report published by the Comptroller and Auditor General of india (CAG), L&T Metro rail hyderabad Limited (L&TMRH) was allowed to charge fares greater than what had originally been agreed upon. Commuters were overcharged between november 2017 and march 2020, with extra charges reaching Rs 213.77 crore. According to the CAG audit, these exorbitant tickets have unjustly caused L&T Metro rail hyderabad to profit around Rs 227.19 crore.
It emphadata-sized how crucial it is to uphold the concession agreement's terms and contractual obligations to guarantee that the government is paid what is rightfully theirs. Delays in deciding on metro lines and obtaining land for the miyapur depot were found to be important factors in the delays and cost increases of the project.
Furthermore, six stations on Corridor-II of the hyderabad metro, which runs 5.12 km between MGBS station and Falaknuma station, are still unfinished. The costs of this unfinished work have increased much further. The CAG suggested that the government create an action plan to swiftly finish Corridor-II up to Falaknuma as originally intended in response to these findings. Failure to do so might result in poor ridership and impair the project’s success.
It emphadata-sized how crucial it is to uphold the concession agreement's terms and contractual obligations to guarantee that the government is paid what is rightfully theirs. Delays in deciding on metro lines and obtaining land for the miyapur depot were found to be important factors in the delays and cost increases of the project.
Furthermore, six stations on Corridor-II of the hyderabad metro, which runs 5.12 km between MGBS station and Falaknuma station, are still unfinished. The costs of this unfinished work have increased much further. The CAG suggested that the government create an action plan to swiftly finish Corridor-II up to Falaknuma as originally intended in response to these findings. Failure to do so might result in poor ridership and impair the project’s success.
Hyderabad Metro rail (HMR) revealed in its compliance audit report that the project had only reached 22% of its projected ridership. The future viability of the project may be hampered by a lack of parking places as well as other problems.