Bangladesh Railway continues to make big losses from its operations allegedly because of poor providers, corruption, and an absence of correct administration of property.
The Tk 1,384 crore losses the state-run company posted for the 2020-21 fiscal yr was lower than losses incurred within the earlier fiscal, however the quantity is greater than the Tk 1,202.49 crore value of the continued Faridpur-Magura broad gauge rail line venture.
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Amid the pandemic, the variety of railway passengers decreased by 41.44 % within the final fiscal yr in comparison with the earlier FY. Nevertheless, the quantity of products carried by freight trains rose by 71.39 %, reveals a railways ministry doc.
Banking on the earnings from freight trains, the BR managed to cut back losses by Tk 702.70 crore in 2020-2021 from the Tk 2,086.70 crore it incurred in 2019-2020.
The BR continued the poor present regardless of the federal government offering it with elevated funding each for operation and growth budgets.
The railway now operates 394 passenger and freight trains on its 3,093km community throughout the nation.
Amid such a state of affairs, the railways ministry yesterday held a gathering within the capital’s Rail Bhaban, with Railways Secretary Humayun Kabir within the chair, to debate methods to extend income and enhance providers.
A deputy secretary of the ministry made a presentation on totally different areas of the BR, together with its earnings and expenditures, and made some suggestions to enhance the state of affairs, assembly sources stated.
As per the railways ministry doc, the BR carried 373 crore passengers within the final FY — 47.44 % lower than than the earlier FY.
The state-run company carried 637 crore passengers in 2019-20 fiscal yr and 927 crore in 2018-19, it stated.
The BR carried 0.5445 crore tonnes of products within the final FY — 71.39 % greater than the 2019-20 FY (0.3177 crore tonnes).
The federal government within the final two fiscal years twice suspended operations of public transport, together with trains, and directed authorities to function trains at half capability to comprise the unfold of Covid-19.
The railway earned Tk 1,427.70 crore and spent Tk 2,822.29 crore within the final FY.
The transport company incurred a lack of Tk 2,086.70 crore within the 2019-20 fiscal yr, up from Tk 1,751 crore within the earlier FY, reveals the ministry doc.
Nevertheless, as per the BR Info Ebook-2020, it made a lack of 2,063.12 crore in 2019-20 fiscal yr, up from Tk 1,644.07 crore within the earlier FY.
The company has not made a revenue since 2008-09 FY, based on information of the knowledge guide. It doesn’t comprise any working earnings statistics for years between 1971 and 2007.
The presentation paper talked about that BR can enhance its earnings by working extra freight, container, and commuter trains.
It additionally stated that round 5,000 acres of railway land was grabbed by unlawful occupants. If the land might be recovered and used for industrial functions, the BR can earn crores of taka, however there aren’t any severe makes an attempt to get well the land.
“It could be troublesome to chop the railway’s loss except corruption and irregularities are stopped, correct use of property is ensured, and passenger providers are improved,” reads the paper.
The BR has been receiving big investments from successive governments for the reason that Awami League got here to energy in 2009.
This newspaper couldn’t attain BR Director Basic Dhirendra Nath Mazumder over the cellphone for feedback as he didn’t reply to calls and a textual content message.
Railways Secretary Humayun stated yesterday’s assembly really useful growing railway’s “administration effectivity” and guaranteeing “full use” of its manpower and infrastructure.
“Maintaining the following Eid in thoughts, we wish to enhance all our targets by 20 %. For instance, we requested the authorities involved to make 20 % extra carriage prepared than the goal set earlier for the present fiscal yr,” he advised The Every day Star final evening.
He stated they put extra emphasis on working freight trains to extend income and requested the officers involved to speak with stakeholders to enhance the service.
The secretary stated as there’s a big demand for railway passenger providers, they’ve requested officers to expedite work of the continued tasks to broaden providers.
About corruption allegations, Humayun stated though the problem was not mentioned formally, they requested all officers to work with honesty as a result of the federal government won’t spare anybody concerned in graft.
Relating to illegally occupied railway land, he stated they requested the authorities to expedite drives to get well land and eliminate instances filed on this connection.
“We’ve got directed the authorities to amend the railway’s present land use coverage, if wanted, to make it befitting the occasions,” he added.