SBI to provide NCMC-based Automatic Fare Collection system to Agra Metro Rail project

MRT Online Desk Posted on: 2023-06-14 07:30:00 Viewer: 787 Comments: 0 Country: India City: Agra

SBI to provide NCMC-based Automatic Fare Collection system to Agra Metro Rail project

Agra, India (Metro Rail Today): The Uttar Pradesh Metro Rail Corporation Limited (UPMRC) has selected State Bank of India (SBI) to provide National Common Mobility Card-based Automatic Fare Collection facility to commuters for upcoming metro rail system in Agra, Uttar Pradesh.

In May 2023, UPMRC has signed a contract with the SBI for automatic fare colelction systems for Agra Metro Rail Project. The contract executed on the PPP (public private partnership) model where SBI will be responsible for design, manufacture, supply, installation, testing & commissioning of the end-to-end Open loop EMV (RuPay/Master/Visa) NCMC card-based AFC system and QR code-based ticketing with each device connected to a central back-office AFC system.

The scope of work under contract package AGAFC-01 includes Design, Manufacture, Supply, Installation, Testing Commissioning of open Loop EMV NCMC card and QR code based Automatic Fare Collection (AFC) System on PPP basis for Agra Metro Rail Project.

Under the contract agreement, SBI will pay a Rs 15 lakh per year royalty to UPMRC for 10 years. The contract will come into force after opening of all sections of Phase 1 of Agra Metro Rail project and first year will finish in 365 days thereafter. Payment would be due on the last day of every such year. SBI will be entitled to receiving 4% of revenue generated from fare box collection and other sources.

The NCMC (National Common Mobility Card) is an initiative by the Government of India aimed at enabling seamless and interoperable travel across different modes of public transportation, such as buses, metros, railways, and ferries. The NCMC-based automatic fare collection system is designed to provide a convenient and cashless payment method for passengers using these transportation services.

  




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