Flood bill of approx Rs 150cr for railways in 7 days: Ministry

Image
Press Trust of India New Delhi
Last Updated : Aug 18 2017 | 5:07 PM IST
Indian railways has incurred a loss of nearly Rs 150 crore in the last seven days due to floods in Assam, West Bengal, Bihar and Uttar Pradesh, a spokesperson of the railways said.
The Northeast Frontier Railway lost approximately Rs 12 cr per day as revenue from passengers and parcel, while repairs of submerged tracks would cost an estimated Rs 10 crore. The cumulative loss in this zone has been around Rs 94 crore.
Similarly, the East Central Railway has lost Rs 5.5 crore per day while the cost of repairs is an estimated Rs 5 crore in this zone.
"It is very difficult to ascertain the exact loss in revenue and these are all rough figures. The true picture will only be known after the situation normalises," said Anil Saxena, Spokesperson, Railways.
The loss of revenue, officials say, is mostly because of major cancellations of trains in these two zones primarily due to submerging of tracks.
In NFR, a total of 445 trains have been cancelled, 151 partially cancelled and four diverted. In ECR, 66 trains were cancelled, 105 partially cancelled and 28 diverted.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 18 2017 | 5:07 PM IST

Next Story