As an engineering officer of the Railways noted, the Board will need to begin a fresh cost evaluation exercise for each of these projects. The Railways already makes heavy losses in its passenger business division. The ministry’s own data shows the loss per passenger is as high as 47.5 per cent of the total fare. For FY24, the aggregate loss was Rs 60,466 crore.
Some of those losses could be made good by the Dedicated Freight Corridors (DFC), the biggest investment plan by the Railways which, including the cost of land, is pegged at Rs 81,459 crore as per the cabinet approval data of 2015. These two lines, both originating from Ludhiana in Punjab are, however, yet to be completed. Out of a total 2843 km, 96.4 per cent has been commissioned and operational. “DFC has contributed to creating additional paths on the conventional network by diverting freight traffic to them. Traffic on DFC in FY25, till Feb 2025 has reached to 352 average trains per day (sic),” the Railways noted. Those are good numbers but far below their full potential.