With the Kochi metro’s loss hovering at ₹335 crore in 2022-23, ₹4.2 crore lesser than during the previous fiscal, Kochi Metro Rail Limited (KMRL) has fast-tracked efforts to garner income from alternative revenue sources.
They include income from developing 17 acres in Kakkanad as Bliss City, which was hitherto a non-starter, to lessen the revenue-expenditure gap. Interestingly, the metro had made ₹5.35-crore operational profit during the fiscal.
Attributing the approximately ₹1-crore daily loss to inclusion of the loan-repayment component, KMRL managing director Loknath Behera said efforts were on to improve revenue from non-ticketing avenues such as real-estate development and advertisements.
