Running Mumbai’s local trains cost the government Rs 4,280 crore in losses in three years
Between 2014 and 2017, the Railways earned Rs 5,206.16 crore from the suburban service while its expenditure was Rs 9,486.66 crore, the Centre told Lok Sabha.
The Railways has lost more than Rs 4,000 crore in the last three years by running the Mumbai local trains, the government told Parliament on Thursday, PTI reported.
In a written reply to a question in the Lok Sabha, Minister of State for Railways Rajen Gohain said that between 2014 and 2017, the Railways incurred a loss of Rs 4,280.50 crore by running the suburban rail network in Mumbai. “In the past three years, while the total earnings were Rs 5,206.16 crore, the expenditure was Rs 9,486.66 crore,” Gohain said.
In his Budget speech in February, Finance Minister Arun Jaitley said the government was working on expanding the Mumbai suburban train network – that serves as the city’s lifeline, running more than 2,000 services and carrying 75 lakh commuters a day – at a cost of Rs 11,000 crore.
