Is Kochi Metro in profit?

Kerala's Kochi Metro has achieved an operating profit for the first time since it began services six years ago. With record-breaking passenger traffic, the Metro saw a 145 percent increase in revenue in the 2022-23 fiscal year compared to the previous year.



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KMRL's revenue has increased from Rs 54.32 crore in 2020-21 to Rs 134.04 crore in 2022-23. The operating profit for the current year is Rs 5.35 crore. It is calculated on the basis of the revenue received and the expenses incurred for day-to-day operations.

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Funding. The total cost of the Water Metro project is ?1,137 crore (US$140 million).

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Kerala's Kochi Metro has achieved an operating profit for the first time since it began services six years ago. With record-breaking passenger traffic, the Metro saw a 145 percent increase in revenue in the 2022-23 fiscal year compared to the previous year.

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Once fully operational in 2035, the Kochi Water Metro will connect 10 island communities with Kochi's mainland through 78 battery-operated electric hybrid boats, 15 strategic routes, and 38 modern terminals.

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Kochi, Kerala has become India's first city to have a Water Metro Project after the launch of its first boat in December 2021, namely 'Muziris,' among the 23 battery-powered electric boats being manufactured by Cochin Shipyard Limited.

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As of February 2022, the most expensive rail infrastructure project was the High Speed 2 Rail Link (HS2) in the United Kingdom with a project value of 86 billion U.S. dollars.

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The Shanghai Metro is the world's longest metro network at 803 kilometres (499 mi) and has the highest annual ridership at 2.83 billion trips.

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Officials said the MMRDA had suffered losses of ?255 crore in 2022-23. The earnings from monorail operations in 2022-23, have been mere ?7.50 crore per annum though they expect it to touch ?13.64 crore in 2023-24 while expenditure is pegged at ?542 crore that includes the procurement of 10 new rakes.

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