Jaipur, April 17 : The Jaipur Metro is trying to lease out nine of its metro station to retail outlets and mega stores in phase-wise to earn a revenue of about Rs eight crore revenue per annum.
It has already secured an income of approximately Rs 11 crore from leasing out space for advertisement in financial year 2018-19.
A pre-bid meeting will be organised on April 19. The tender to lease out space at stations will be invited in phase-wise manner.
The JMRC has fixed lease rates between Rs 700 and Rs 2,500 per sqm for space to set up retail shops. The minimum lease period will be for seven years and the maximum 20 years. JMRC is hoping to earn Rs 72 lakh per month from this move, after all the stations are successfully provided on rent.
The JMRC has earmarked bigger spaces for lease at three stations – Ram Nagar, Civil Lines and Railway Station. According to officials, even banks can open branches at these stations. Sources at the department said the highest lease rate of Rs 2,500 per sqm has been fixed for space at Railway Station, followed by Ram Nagar at Rs 1,500. The rate for Civil Lines station is Rs 1,000 per sqm.
The JMRC is in need of earning additional non-operational revenue, since the income from the sale of tickets is insufficient for the Metro’s operation and maintenance. Over the past two financial years, JMRC has earned a revenue of Rs 19 crore and suffered an operational loss of Rs 46 crore. Out of this, Rs 45 crore was provided to JMRC by the state government through the Rajasthan Transport Infrastructure Development Fund.