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Blog Entry# 2064099
Posted: Nov 18 2016 (14:53)
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Last Response: Nov 18 2016 (14:53)
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Last Response: Nov 18 2016 (14:53)
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NR/Northern
Jayashree^ 51391 news posts
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...
read more... Railways loses Crores in Kashmir: NR GM - Northlines
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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