DMRC mulls shopping malls at two airport Metro stations | delhi | Hindustan Times
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DMRC mulls shopping malls at two airport Metro stations

The Delhi Metro Rail Corporation (DMRC) has come up with this latest proposal to generate revenue for the loss making airport express service. The malls are likely to come up at Shivaji Stadium and New Delhi airport Metro stations.

delhi Updated: Aug 19, 2013 13:10 IST
Subhendu Ray

Here’s pleasant news for all shopaholics.

Two of airport express Metro stations will now soon have shopping malls.

The Delhi Metro Rail Corporation (DMRC) has come up with this latest proposal to generate revenue for the loss making airport express service.

The malls are likely to come up at Shivaji Stadium and New Delhi airport Metro stations.

DMRC officials said, the agency spends approximately Rs 23.5 crore ( Rs 7.5 crore to operate trains and Rs 16 crore as liability of loans) every month to operate the service and earns only Rs 3 to 4 crore from the service.

“We will let out retail space and create shopping malls. We are confident that the shopping complexes will attract shoppers and help us generate enough revenue to reduce the huge financial burden. We are hopeful of breaking even within a few months,” said Mangu Singh, managing director, Delhi Metro Rail Corporation (DMRC).

According to SD Sharma, director (Business Development), DMRC will try to make the service more financially viable within the next six to eight months.