New Delhi, Mar 8: Local train services in Mumbai caused a loss of Rs 4000 crore to the Railways in the last three years, the government informed Parliament on Wednesday. The suburban railway in the financial capital of the country operates 2,342 local train services and carries more than 7.5 million commuters daily.
In a written reply in Lok Sabha, Minister of State for Railways Raen Gohain said that since 2014-2017, Railways had incurred a loss of Rs 4280.50 crore by running the suburban rail network in Mumbai. The minister informed the Lower House that while in 2014-2015, the national transporter lost Rs 1426.19 crore, the next year, it lost Rs 1477.55 crore and in 2016-2017, the loss was of Rs 1376.76 crore.
“Indian Railways is incurring losses by running local train services in metropolitan areas of Mumbai. In the last three years, while the total earnings were Rs 5206.16 crore, the expenditure was Rs 9486.66 crore and the loss was of Rs 4280.50 crore,” Gohain said, as reported by news agency PTI.
This came amid the government’s push for expansion of the suburban Mumbai rail network in the Union Budget 2018-19. Finance Minister Arun Jaitley announced the expansion of the Mumbai suburban train network, spread over 465km, at a cost of Rs 11,000 crore in the Union Budget. He also said the government planned to allocate an additional Rs 40,000 crore for the city’s rail network.