Suburban Railways have Lost Rs 4,150cr in last 5 years

Suburban Railways have Lost Rs 4,150cr in last 5 years
July 22, 2015 1:46 pm

Mumbai’s suburban railway system is deep in the red. Cumulative losses over the last five years have touched Rs 4,150 crore, and losses for the year 2013-2014 alone amounted to Rs 1,111.8 crore. The situation has sparked fears that the quality of services may be affected if a turnaround does not happen.

The situation has been deteriorating at an alarming rate since 2008-09, reveals a white paper on the entire suburban system – the Western, Central and Harbour lines – that the Mumbai Railway Vikas Corporation (MRVC) is preparing and that TOI has seen.

The losses had not breached the Rs 50 crore mark till 2006-07, but they zoomed to Rs 328.6 crore in 2008-09, the year in which the Central government announced payment of Sixth Pay Commission salaries with retrospective effect from January 1, 2006. An MRVC official said, “This dealt a body blow to the finances of suburban railway.” is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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