Bangaluru, Feb. 5 -- Bangalore Metro Rail Corporation Limited (BMRCL) announces Annual Fare Revision as per the First Fare Fixation Committee (FFC) constituted under the Metro Railways (Operation & Maintenance) Act, 2002.

The FFC, while recommending the revised fare structure for BMRCL, observed that the revision of fares after 7.5 years and the optimisation of fare zones from 29 to 10 have resulted in an average increase of 51.55%. With a view to avoiding such a situation of infrequent and steep fare increases in future, the committee has recommended in its report to revise the fare annually by having a transparent Annual Automatic Fare Revision Formula linked with O&M cost or 5% per annum, whichever is lower, by rounding off to the nea...