ER expects more Revenues from Freight after Rate Rationalisation, Commodity Classification & Distance Slabs

Kolkata (KOAA): Eastern Railway (ER) is looking forward to generate more revenue from freight movement after rationalisation of rates, commodity classification and distance slabs. About 65% of freight revenue comes from coal movement.

The 65 million tonnes (mt) of freight traffic movement in 2014-15 saw a revenue growth of 18%.

“A combination increase in freight traffic and rates is expected to increase revenue further in 2015-16,” said R K Gupta, General Manager of Eastern Railway at a press conference here on Thursday. Like in Jharkhand, Eastern Railway would be ready for joint venture proposals for gauge conversion or new lines.

He added that “Currently, we working to install such facility at Howrah and Sealdah stations in city.”