CAG audit to resolve Mumbai Metro fare issue: Fadnavis | mumbai | Hindustan Times
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CAG audit to resolve Mumbai Metro fare issue: Fadnavis

mumbai Updated: Apr 06, 2015 22:45 IST
HT Correspondent
HT Correspondent
Hindustan Times
Mumbai Metro

Comptroller and Auditor General (CAG) will conduct a special audit of the company operating the Mumbai Metro to resolve the issue of fare hike, Maharashtra government announced on Monday.

A decision on fare hike will be made only after the audit, chief minister Devendra Fadnavis told the Assembly. Replying to the objections raised by MLAs across party lines, Fadnavis said Reliance Infra-headed Mumbai Metro One Pvt Ltd (MMOPL) and the state government have had differences over fare hike. Though the fare fixation committee (FFC) has been appointed, a special audit needs to be conducted by an independent agency.

“The decision by the committee about the fare hike will then be based only on the accounts submitted by the company. To check into the actual expenditure, operational costs and verify the company’s claims, we will ask the CAG to conduct a special audit,” he said.

MMOPL spokesperson said, “CAG audits are part of the standard procedures for projects where Government of India has invested funds, including VGF funding. MMOPL will welcome all actions as admissible to the project.”