Hyderabad Metro has been facing a lot of cash crunch with the COVID-19 blow. There are rumors that the concessionaire L&T is threatening to pull out of the project if the government will not help it. Meanwhile, the ridership is slowly picking up as well.
The number of daily metro commuters dropped to 1.60 lakh in January 2022 with the Corona Third Wave Effect. However, the number rose to 1.80 lakh at the beginning of February as the third wave is not much threatening. Hyderabad Metro is expected to reach 2 lakh, daily passengers, by the end of this month. The company expects the metro to return to its pre-COVID status by May, which will gradually reduce operating losses.
Prior to Corona, the number of Metro daily commuters in February 2020 was 4.75 lakh. These services are mostly used by private employees and IT professionals. The number of Metro ridership dropped drastically with the Corona First and Second Waves coming in a row. By December 2021 the number of daily ridership was approaching 2.40 lakhs and then, we had the third wave.
The number of daily metro commuters has fallen drastically as employees have been confined to their homes for the last two years with the Corona effect. This has led to an increase in operational losses over the past two years. Metro finally decided to raise loans through bonds. There are reports that the IT companies will start calling back their employees which will further boost the ridership.