Railways may not achieve target fixed for this Financial Year

“There has been a shortfall of Rs.3000 crore from the Target in the first half of the Financial Year”

Railway Minister M. Mallikarjun Kharge on Friday said that the Railways may not be able to achieve the target fixed for this financial year as floods, strikes, increase in diesel price, etc., have affected earnings.

“For the first half of the year, there has been a shortfall of Rs.3000 Crore from the target,” Mr. Kharge told presspersons after commissioning a road underbridge and laying the foundation stone for a road overbridge at Allalsandra here.

The 2013-14 Railway Budget set freight target of 1,047 million tonnes (about Rs. 93,554 crore) and passenger earnings of Rs. 42,210 crore.

However, the Railways is making every effort to bring down the deficit with the introduction of fuel adjustment component in passenger fares; intensifying ticket checking activities and other measures to increase operational efficiency, Mr. Kharge said. He said that loading of coal and iron ore was not taking place at expected quantities and if there is any increase in these components, the earnings might increase.

Speaking earlier at the function, Mr. Kharge said that the Bruhat Bangalore Mahanagara Palike (BBMP) has paid Rs. 90 crore to the Revenue Department towards acquisition of about 3 acres of land belonging to Binny Mills. The BBMP should have handed over this land, abutting Bangalore City Railway Station, to the Railways long ago as it had taken possession of the latter’s land to construct the Okalipuram signal-free corridor, he said.

He said that the Allalsandra road overbridge on Bangalore-Doddaballapur highway would be ready in 12 months. Of the 52 road overbridges and road underbridges proposed in the State, work on 16 has started and the remaining would be taken up in a phased manner.

The Chickballapur-Kolar new line would be commissioned on November 8 and the Kadur-Chikmagalur new line in the third week of November, Mr. Kharge said.

Union Petroleum and Natural Gases Minister M. Veerappa Moily urged the Railway Minister to speed up the circular railway project for Bangalore.

Bangalore Mayor B.S. Satyanarayana, South Western Railway general manager A.K. Mittal and chief administrative officer (constructions) Adesh Sharma were present.