Blog Entry# 2046774
Posted: Nov 03 2016 (15:54)
Last Response: Nov 03 2016 (15:54)
Other NewsNov 03 2016 (12:20) New rail projects bring goodies, but surcharge to hit commuters
Jayashree ❖ Amita*^ 35468 news posts
The Rs 10,947 crore phase 3 of the Mumbai Urban Transport Project (MUTP) and the Rs 9,356 crore Virar-Panvel new suburban corridor will bring about a sea-change in the way Mumbaikars travel, but it will also come with a price on your ticket. Since the Railways is looking at a loan of around Rs 8,000 crore from the World Bank for both the projects, the repayment will have to be done by way of an extra amount called surcharge added to every suburban ticket.
“Currently surcharge component in a ticket is about 18-20 per cent. This we want raised to around 25 per cent but the effect on the commuter would not be very huge. The benefits of these projects would far...
Nov 03 2016 (15:54)
For Better Managed Indian Railways~ 1933 blog posts
Surcharge is a good practice, in a way that at least the new loans, associated projects and facilities (trains) shall come due to fulfilment of viability. Even with 18% surcharge, the new trains shall be much more economical and convenient than other means of transport. So it is better to have the project with surcharge rather than not having at all. Every good facility comes at a cost which the user have to bear. Konkan Railway which is a success story, is already inflating distance by 25%/40% without any problem.
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