Bhopal Metro goes corporate: 8 stnsup for co-branding, 700-plus pillarsto become advt revenue goldmine
Staff reporter :
AS FIRST reported by ‘The
Hitavada’, Madhya Pradesh
Metro Rail Corporation Limited
(MPMRCL) has now floated tenders to co-brand 8 stations on
the Orange Line and monetise
700-plus pillars to boost nonfare income. With ridership on
its priority corridor below
expectations, Bhopal Metro is
switching from tickets to commercial branding to stay financially viable.
As per the fresh notification
issued by the MPMRCL, tenders
have been floated for semi-naming and co-branding rights of
eight stations on the Orange Line.
The rights will be given for three
years, with bidding open from
October 22 to October 29.
The eight stations are AIIMS,
Alkapuri, DRM Office, Rani
Kamalapati Railway Station, MP
Nagar, Board Office Chauraha,
Kendriya Vidyalaya and Subhash
Nagar, the 6.22-km stretch from
AIIMS to Subhash Nagar that
forms Bhopal Metro’s first operational corridor.
Under this model, companies
can add their brand name to the
station name, on signage, metro
maps, announcements and
inside premises. Firms can bid
for one or multiple stations.
This
model is already successful in
Delhi, Mumbai and Hyderabad
metros.
Beyond station names,MPMRCL has launched two more revenue streams:
1. Commercial space leasing:
About 620 sq. metres at Board
Office Chauraha station and
2,470 sq. metres at Subhash
Nagar station are being licensed
for retail and commercial use.
2. Pillar advertising: More than
700 elevated pillars along the
viaduct are being leased for outdoor advertisements. This monetisation drive began even before
full commercial operations,
following national best practices. Once both Orange and
Blue lines are fully operational,
pillar ads alone are expected
to generate revenue worth
crores every month. This follows MPMRCL’s ‘Celebration
on Wheels’ initiative launched
in May, which allows renting
of coaches and stations for
birthdays, pre-wedding shoots
and film shoots to boost nonfare income. Globally, 30-40%
of a sustainable Metro’s income
comes from non-fare sources.
For Bhopal Metro, reducing
dependence on fare-box revenue is now critical.
The final list of brand-partnered stations will be
announced in early November.