Hindustan Times-Noida Metro changes commercial space allotment policy to raise more funds
The Noida Metro Rail Corporation (NMRC), which currently operates the Aqua Line in Gautam Budh Nagar, said on Wednesday that it will sublease its commercial properties along the line to raise more non-fare revenue.
The NMRC has brought in a new scheme through which it plans to enhance non-fare revenue models such as subleasing kiosk space on a “first come, first served” basis unlike the earlier system of allotting kiosks through the tendering process, said officials, adding that they expect the new scheme lure in more investors.
