Rs 4,000cr loss in 3 years due to Mumbai locals

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Rs 4,000 crore loss in 3 years due to Mumbai locals Rs 4,000 crore loss in 3 years due to Mumbai locals In a written reply in the Lok Sabha, minister of state for railways Raen Gohain said since 2014-17, railways had incurred a loss of Rs 4,280 crore by running the suburban rail network. TNN | Updated: Mar 8, 2018, 12:09 IST Highlights The suburban railways in Mumbai operates 2,342 local services and carries more than 7.5 million commuters daily Minister of state for railways Raen Gohain in LS said that since 2014-2017, railways had incurred a loss of Rs 4280.50 crore by running the suburban rail network. NEW DELHI: Amid a major push for expansion of Mumbai’s suburban rail network in the Union Budget , the government on Wednesday informed Parliament that the national transporter had incurred a loss of more than Rs 4,000 crore in the last three years in running locals. In a written reply in the Lok Sabha , minister of state for railways Raen Gohain said since 2014-17, railways had incurred a loss of Rs 4,280 crore by running the suburban rail network. In the 2018 Union budget, finance minister Arun Jaitley announced the expansion of the suburban train network, spread over 465km, at a cost of Rs 11,000 crore, and said the government planned to allocate an additional Rs 40,000 crore for the city’s rail network. The suburban railways in Mumbai operates 2,342 local services and carries more than 7.5 million commuters daily, and this is the first time the network is being expanded in a major way. Gohain informed the House that in 2014-15, the national transporter lost Rs 1,426 crore, the next year, it lost Rs 1,477 crore and in 2016-17, it was Rs 1,376 crore. Get latest news & live updates on the go on your pc with News App . Download The Times of India news app for your device. Read more City news in English and other languages. RELATED

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