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

State Bank of India (SBI) in mid-May was awarded Automatic Fare Collection (AFC) contract AGAFC-01 for the 29.40 km Agra Metro Phase 1 project.

This systems contract by Uttar Pradesh Metro Rail Corporation (UPMRC) is the last major systems contract (view all) that was pending finalization to enable the start of commercial operations on Agra Metro’s Priority Corridor connecting Jama Masjid Station – Taj East Gate Station.

The contract will be 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.

This is a retender. In the first round, UPMRC invited tenders in July 2022 and received zero bids when the bidding period ended in December 2022. A retender notice was published shortly after with a 1050 day period of work. SBI was the only bidder when technical bids were opened in March 2023.

Per the contract’s terms, SBI will pay a Rs. 15 lakh royalty to UPMRC per year for 10 years. Year 1 will commence after all sections of Agra Metro’s Phase 1 project are opened and finish 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.

SBI’s solution provider remains unknown to me. In the past, they’ve partnered up with Aurionpro Solutions for Kanpur Metro and Noida Metro projects.

A list of all Agra Metro’s packages (civil & systems) & their status can be viewed here.

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– TMRG