Raillways asks WB govt to take charge of all ongoing and new projects

Railways says that they incurred losses of around to Rs 15,000 crore due to delay in projects

Photo: Shutterstock
<b> Photo: Shutterstock <b>
Press Trust of India Kolkata
Last Updated : Dec 27 2016 | 4:13 AM IST
The Railways has sent a letter to the West Bengal government stating that from now on the state has to take responsibilities of all ongoing and upcoming projects of the suburban system as well as Metro Railway.

According to a highly-placed source at the state secretariat Nabanna, the letter addressed to the Chief Secretary, the Transport Secretary and the Urban Development Secretary, was sent last week from the Railways Works Planning Directorate.

It stated that the Railways, in the last few years had incurred losses of around to Rs 15,000 crore due to delay in projects including Metro Rail projects, which were either delayed or stalled because of various hindrances.

In the letter, the Railways has asked the state government to take responsibilities about removal and rehabilitation of encroaches on its land, feasibility study of any proposed project and so on, the officer said.

It has also proposed the state can utilise funds meant for urban transport projects or can levy different forms of taxes and development fees to releasing project costs, he said.

Incidentally, a couple of months back the Centre had verbally given similar proposals to the state government, which the latter had dismissed, the officer added.
*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: Dec 27 2016 | 4:13 AM IST

Next Story