CMRL hires PwC to merge with MRTS
Posted on: 14/Apr/2017 1:02:53 PM
As a move to push the initiative to merge Chennai Metro Rail Limited and Mass Rapid Transit System, the CMRL has hired Pricewater House Coopers last month. The PwC will function as a consultant to carry out all finances, operations and other technical aspects.
Speaking about this, the Managing Director of Pankaj Kumar Bansal said that the merger is possible and the PwC is analyzing guidelines.
The Southern Railway Officials are avid about the merger, as it is promising to reap excellent benefits and return.
About 6 months ago, the complete guidelines for the merger were submitted. They are free to add or modify the regulations as required and carry out the implementation.
When the rolling stock is changed, it is likely that the fares will increase. The MRTS stations will be commercialized because of the vast space. Only 10 percent of the space will be needed for these operations, to note. The rest of the area will be used to set up food outlets, stalls and many other establishments, said the officials.
Commercializing has not been possible by the railways, but to bring revenue, there is no other way. About 90 percent of our plan is to maintain the huge station, said the official.
