Section 34 of MROMA : Section 34: Constitution Of Fare Fixation Committee

Explanation using Example

Imagine the government has recently completed a new metro railway project in a city. To set the ticket prices for passengers, the Central Government decides to form a Fare Fixation Committee as per Section 34 of The Metro Railways (Operation and Maintenance) Act, 2002. They appoint a retired High Court Judge as the Chairperson of the committee. Subsequently, the Central Government nominates a former Additional Secretary, and the State Government nominates an individual who has held an equivalent post, to serve as the other two members of the committee. After the committee is formed, they conduct a thorough study of the operating costs, market conditions, and public interest before recommending a fare structure that is both economically viable for the metro's operation and affordable for the public.