SBI Awarded Agra Metro’s Automatic Fare Collection Contract on PPP
RAILWAYS & METRO RAIL

SBI Awarded Agra Metro’s Automatic Fare Collection Contract on PPP

The State Bank of India (SBI) won the Automatic Fare Collection (AFC) contract AGAFC-01 for the 29.40 km Agra Metro Phase 1 project in mid-May.
This systems contract by Uttar Pradesh Metro Rail Corporation (UPMRC) is the final major systems contract that needed to be finalized before commercial operations on Agra Metro's Priority Corridor connecting Jama Masjid Station to Taj East Gate Station could begin.

The contract will be performed under the PPP (public-private partnership) model, with SBI responsible for the end-to-end design, production, supply, installation, testing, and commissioning. An open loop EMV (RuPay/Master/Visa) NCMC card-based AFC system and QR code-based ticketing are used, with each device linked to a centralized back-office AFC system.

This is a renewal bid. When the first round of the tendering process finished in December 2022, UPMRC had received no offers despite inviting contracts in July 2022. Shortly later, a new tender notice with a 1050-day work term was published. When technical bids were opened in March 2023, SBI was the only bidder.
According to the provisions of the agreement, SBI would provide UPMRC a royalty of Rs. 15 lakh every year for ten years. Following the completion of Phase 1 of the Agra Metro project, Year 1 will begin and last for 365 days. On the last day of each of these years, payment would be required. SBI will be eligible for 4% of the money collected from fare boxes and other sources.

The State Bank of India (SBI) won the Automatic Fare Collection (AFC) contract AGAFC-01 for the 29.40 km Agra Metro Phase 1 project in mid-May.This systems contract by Uttar Pradesh Metro Rail Corporation (UPMRC) is the final major systems contract that needed to be finalized before commercial operations on Agra Metro's Priority Corridor connecting Jama Masjid Station to Taj East Gate Station could begin.The contract will be performed under the PPP (public-private partnership) model, with SBI responsible for the end-to-end design, production, supply, installation, testing, and commissioning. An open loop EMV (RuPay/Master/Visa) NCMC card-based AFC system and QR code-based ticketing are used, with each device linked to a centralized back-office AFC system.This is a renewal bid. When the first round of the tendering process finished in December 2022, UPMRC had received no offers despite inviting contracts in July 2022. Shortly later, a new tender notice with a 1050-day work term was published. When technical bids were opened in March 2023, SBI was the only bidder.According to the provisions of the agreement, SBI would provide UPMRC a royalty of Rs. 15 lakh every year for ten years. Following the completion of Phase 1 of the Agra Metro project, Year 1 will begin and last for 365 days. On the last day of each of these years, payment would be required. SBI will be eligible for 4% of the money collected from fare boxes and other sources.

Next Story
Real Estate

Rethinking Slum Development

In July 2024, the Supreme Court directed the Bombay High Court to initiate suo motu proceedings to evaluate the implementation of the Maharashtra Slum Area (Improvement, Clearance and Redevelopment) Act.During the ensuing proceedings, the Division Bench of Justices expressed concern about the plight of slum dwellers, saying, “Merely because you are a slum dweller doesn’t mean that you are left to the discretion of developers. They end up with a pittance.” The Bench also noted that the buildings allocated to slum dwellers were akin to “vertical slums”. “The buildings are congested. ..

Next Story
Real Estate

Ring in the New!

Lighting:OLED (organic light emitting diode) panels such as those by Philips are the latest option in soft lighting fixtures that can be embedded into walls, ceilings or furniture, says Nilesh Sawant, Principal Architect, Nilesh Sawant Architect. “Being thin and flexible, they lend themselves well to different applications while delivering the energy-efficiency associated with LED technology.”And Sapna Aggarwal, Founder, ANSA Architecture & Interiors, says “Embedded light-emitting diodes can create a dreamy illumination, while dimmable LEDs are useful for allowing..

Next Story
Infrastructure Urban

Jhansi Library

The Jhansi Library, commissioned by the Jhansi Development Authority (JDA) under the Jhansi Smart City initiative and built by Bootes Impex, a net-zero construction-tech company. It is the first library in Asia to achieve EDGE (Excellence in Design for Greater Efficiencies) certification from the International Finance Corporation (IFC), a member of the World Bank Group. This milestone marks the library as India’s first and only net-zero library, aligning  with India’s Net-Zero Vision 2070.Sustainable designDeepak Rai, Managing Director, Bootes Impex, explains, “The project's vision ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000