Delhi Metro Rail Corporation Ltd suspends license fee for OOH service providers for six months in the wake of Covid 19 situation

 Delhi Metro Rail Corporation Ltd suspends license fee for OOH service providers for six months in the wake of Covid 19 situation
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Through a major decision, DMRC has suspended the license fee for OOH service providers from March 22, 2020 until September 30, 2020. The decision is on the basis of lockdown and suspension of metro train services due to Covid 19 pandemic.  

Apart from that, the license fee from October 1, 2020 to December 31, 2020 shall be linked to average total journeys for the month as compared to the same month of the previous year. The move has been a huge relief for the OOH service providers who were one among the worst affected business/establishments during the pandemic. 

It has also informed that the relaxations beyond December 31, 2020, if any will be communicated later. Parties are also allowed to terminate their branding rights at stations if they wish to and DMRC will refund the IFSD (Interest Free Security Deposit) and excess License Fee as per the terms and conditions of license agreement. 

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