Blog Entry# 2064099
Posted: Nov 18 2016 (14:53)
Last Response: Nov 18 2016 (14:53)
Other NewsNR/Northern -Nov 17 2016 (18:11) Railways loses Crores in Kashmir: NR GM - Northlines
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Srinagar, Nov 16: Northern Railways Wednesday completed the restoration work on damaged railway track from Budgam to Srinagar and according to officials train service from Srinagar to Budgam resumed from Thursday. The repair work on the other railways tracks according to officials is in progress and within ten days rail service will be resumed in North and South Kashmir.
“The restoration work on damaged track from Srinagar to Budgam had been started earlier and on Wednesday Accidental Relief Train (ART) ran on tracks to assess the condition of the railway track,” General Manager Northern Railways A.K. Putia told news agency CNS adding that Railways suffered huge loss due to the damages and disruption in its services in Kashmir Valley.
Nov 18 2016 (14:53)
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It is difficult to say whether IR actually lost money due to non operation of the passenger trains from Budgam to Srinagar. Jammu-Udhampur-Srinagar-Baramulla project is likely to cost about 25000 crores at completion, i.e. at a cost which is 10 times the cost per km of normal track. With a few passenger trains running on the route right now, fare of which (ordinary unreserved second class/ season tickets) is a small fraction of the fare charged by the bus operators operating on the route. It is quite possible that IR may not be recovering the variable cost of operation of trains on the route through the passenger revenues. In that case operating the train is a bigger loss than not operating the train!
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