"As this report has been submitted in the last fortnight, it will have to be presented to the board," said an official.
Monday and Wednesday are crucial for Metro commuters, as the contentious Fare Fixation Committee (FFC) report will be tabled in Monday's board meeting of Mumbai Metro One Private Limited (MMOPL) and the Supreme Court will hear the petition on fares on Wednesday.
On Monday's agenda of MMOPL's first board meeting after the FFC report has been submitted, there is a list of compliances on the Versova-Andheri-Ghatkopar Metro. Thereafter, the FFC report, which will be presented to the board, is most likely to be discussed and deliberated.
The discussions are likely to be on the recommendations made by the FFC of charging fares starting from Rs10 to Rs110 with a difference of Rs10 for each station travelled. The board comprises Reliance Infrastructure and state government officials, who are at loggerheads with each other on the subject of fares.
"As this report has been submitted in the last fortnight, it will have to be presented to the board," said an official.
At the moment, the report has not been made public either by Reliance Infrastructure or Mumbai Metropolitan Region Development Authority (MMRDA), which received it later.
According to sources, there is a possibility of increase in Metro fares in the coming weeks; however, how much would be levied is yet to be finalised, it may be well within Rs100 and gradually increased to Rs110 for travelling the entire stretch between Versova and Ghatkopar.
As per the reports submitted by Price Waterhouse Coopers, Indian Institute of Management-Ahmedabad and Welingkar Institute, Reliance Infrastructure should be leasing out retail areas as well as commercial spaces, besides debt restructuring and hiking ticket prices.
Annually, MMOPL claims to pay Rs200-250 crore only in interest because of the interest rate being 11.75%.
State government officials have not only opposed the ongoing fare of Rs10-20-30-40, but are also not in favour of implementing the FFC-recommended tariff of up to Rs110. It will be challenged in the Supreme Court. The state wants the maximum fare to be at Rs13, which Reliance Infrastructure disagrees, citing "high operation and maintenance costs".
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