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Another 50 years to finish ongoing railway projects!
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  • Another 50 years to finish ongoing railway projects!

Another 50 years to finish ongoing railway projects!

FP Archives • December 20, 2014, 20:52:43 IST
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The ever increasing diesel price has been eating into the profits of the country’s public sector transportation behemoth.

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Another 50 years to finish ongoing railway projects!

Madurai: Frequent hikes in diesel price had affected the finanial position of Indian Railways so badly that it would take at least another 50 years to complete the ongoing projects, [caption id=“attachment_960223” align=“alignleft” width=“380”]Union Minister of State for Railways Kotla Jaya Suriya Prakash Reddy. Image courtesy PIB Union Minister of State for Railways Kotla Jaya Suriya Prakash Reddy. Image courtesy PIB[/caption] said in Madurai today.

Talking to reporters after inaugurating the escalators at the railway junction in Madurai, he said, “What the railway is earning as profit is being eaten away by diesel price hike. Once the financial position improves, we will be able to implement projects.”

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Already steps were taken to replace diesel engines with electric engines in order to reduce the cost of fuel, he said.

The minister said one lakh vacancies were filled in the railways and plans were on to fill another 1.5 lakh vacancies soon.

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Ten percent of the Railway Protection Force personnel would be women and this was being done at the request of the woman passengers, he said.

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