Noida Metro to rent out unused parking space to augment revenue

Noida, India (Metro Rail Today): Noida Metro said renting the unutilized parking space to food trucks may help the NMRC to boost its ridership through enhancement of aesthetic and public amenities at and in the vicinity of metro stations.

In order to augment the non-fare box revenues, the Noida Metro Rail Corporation (NMRC) on Wednesday said it has decided to rent out unused or unutilised parking space to food trucks at nine of its metro stations.

This initiative shall also help the NMRC boost its ridership through enhancement of aesthetic and public amenities at and in the vicinity of metro stations, it said.

Non-fare box revenue refers to one generated from sources other than passenger tickets.

The NMRC-run metro connects the twin cities of Noida and Greater Noida over a distance of 29.7 km through 21 stations.

"The NMRC has issued an Expression of Interest (EOI) to call out applications from interested vendors. The mobile food or food truck service vendor will pay the NMRC a fixed license fee or rental fee to avail the designated space at parking area which shall be decided by the NMRC," according to an official statement.

 "The minimum tentative space proposed to be provided for installation of each food truck is 25 sq m and the maximum available space shall vary station-wise," it added.

Total 15 stations have been offered for food, recreational or utility truck facility under the EOI, the NMRC said.

Electricity shall be provided by the NMRC at applicable commercial rate(s) to the vendor. However, all installation and associated costs shall be borne by the vendor, it said.

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