Monday, July 16, 2018 | ePaper

BR operational loss hits record high

  • Print
Kazi Zahidul Hasan :
Operational loss of Bangladesh Railway (BR) climbed to Tk1,226 crore in the immediate past fiscal year (2016-17), thanks to poor service delivery and operational inefficiency.  
The amount of BR's loss is the highest since independence of Bangladesh.
BR incurred Tk1,110.52 crore operational loss in the fiscal year 2010-2011 and the lowest was Tk 657.94 crore in the fiscal 2008-2009, according to official figures.
"Though the sector is incurring loss, we will run the railway services for the national interest. The government is providing subsidy to BR in the form of reimbursement of its losses," Railways Minister Mujibul Haque told The New Nation on Friday.
He, however, said that the government has taken up a number of projects to
 make the railway service viable and passenger-oriented.
"The government has taken various initiatives to improve operational efficiency of BR. At the same time, it is working for modernizing the railway sector with building new rail tracks, buying new engines and coaches. All these will help improve BR's quality of service significantly in the future," he added.
The government had spent Tk 38,188 crore in the last eight years, from fiscal year 2009-10 and 2016-17 for the development of railway sector.
Of the total amount, Tk 23,586 crore has been spent to the head of BR's development expenditure and Tk 14,902 crore non-development expenditure.  
"The government put maximum emphasis on the development of the railway sector since assuming power in 2009. Subsequently, the railways ministry saw a significant hike in budgetary allocation to transform railway service modern and passenger-oriented. But the scenario has not changed due to lack of operational efficiency and substandard service delivery of BR," Dr Shamsul Hoque, an infrastructure expert, told The New Nation yesterday.
When asked, he said, "BR runs short of potential resulted from institutional weakness forcing it to incur losses every year. BR has been running by non-professional and non-technical persons for long and such a practice has weakened its institutional strength. Corruption is a persisting problem within the railways and the issue should be addressed by infusing dynamism into its top management."     
Dr Shamsul Hoque, a professor of civil engineering at Bangladesh University of Engineering and Technology (BUET), suggested that BR should function independently with technical persons. Such a move could reduce its operational loss significantly, he said.
The government has approved a 20-year master plan to make BR a modern, time-befitting and comfortable mode of transport.
The Railways Ministry has been implementing different mega and fast track projects (Padma Rail Link, Dohazari-Gundum-Cox's Bazar rail track) involving several billion dollars.

More News For this Category

Hajj agencies' irregularities under ACC radar

UNB, Dhaka :Some hajj agencies in the country have indulged into gross irregularities in the name of sending people to the yearly hajj pilgrimage. Some of the irregularities were

HC orders to dispose of case against Destiny officials by Apr 18

BSS, Dhaka :The High Court (HC) on Sunday ordered the trial court concerned to dispose of case against officials of Destiny-2000 Ltd, including its managing director Rafikul Amin, by

Israel deals 'hardest blow' to Hamas since 2014 Gaza war

BBC Online :Israel has carried out its biggest attack against Hamas militant targets in Gaza since the war in 2014, Prime Minister Benjamin Netanyahu says.The raids were a response

Fire breaks out at Dhaka airport

bdnews24.com :A fire has erupted at Shahjalal International Airport in Dhaka, halting immigration services for around half an hour.Fire Service officials said an accidental electric malfunction caused the fire

US leader has low expectations

BBC Online  :US President Trump has said he has "low expectations" for his meeting with Russia's Vladimir Putin in Finland on Monday.But he told CBS News that "nothing bad"

No ticket issued yet to 13000 Hajj pilgrims

Staff Reporter :The fate of about 13,000 Bangladeshi pilgrims seems uncertain as to whether they would be able to perform Hajj this year due to the negligence of 56

Trump is a disruptor of world order and following Russian agenda

Editorial Desk :Donald Trump wrapped up the official portion of his United Kingdom visit Friday, during which he had falsely denied criticizing his host, met with the Queen and

 Teachers, students   attacked  afresh

Teachers, students attacked afresh

Staff Reporter :General Students spearheading movement for quota reform and some teachers of the Dhaka University (DU) came under attack of some activists of Bangladesh Chhatra League (BCL) again

Presidents of 10 countries attend final match

Desk Report :More than ten presidents of various countries, several prime ministers and many other high-ranking foreign guests attended the 2018 FIFA World Cup final match at Moscow's Luzhniki

France bag the Cup for 2nd time

France bag the Cup for 2nd time

Sports Reporter :France clinched the crown of the FIFA World Cup 2018 after thrashing Croatia by 4-2 goals in the final at the Luzhniki Stadium in Russia on Sunday.