Monday, November 20, 2017 | 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

Rohingya crisis is international and the global community must act decisively

The visit of five foreign ministers from top Asian and European countries to Dhaka on Sunday to see the Rohingya crisis just shows how the international community is now

Mugabe era ends after 37 years in power

Mugabe era ends after 37 years in power

HARARE (Reuters) :President Robert Mugabe was dismissed as leader of Zimbabwe's ruling ZANU-PF party on Sunday in a move to force a peaceful end to his 37 years in power

NSI man among two involved with extortion: SP

Md Joynal Abedin Khan :The investigators have found the connection of two members of intelligence agencies, including National Security Intelligence (NSI) official, with the demand of extortion of Tk 2

Myanmar Army`s atrocities not acceptable

Myanmar Army`s atrocities not acceptable

Staff Reporter :Foreign Ministers of Germany, Sweden, Japan and a European Union High Representative on Saturday visited Cox's Bazar to see the plights of minority Rohingyas who fled into Bangladesh

Japan to help return Rohingyas

Japan to help return Rohingyas

Japanese Foreign Minister Taro Kono on Sunday assured that Japan will continue to be a development partner of Bangladesh in its course to become a middle income country by 2021

BB rejects Farmers Bank`s proposal

Special Correspondent :Bangladesh Bank (BB) has rejected the Farmers Bank's bid for Tk 300 crore emergency fund, asking it to raise the fund intensifying loan recovery drive.Senior BB officials recently

Violence against women on rise

Special Correspondent :In an increasing trend of violence against women, the wives are getting kidnapped, tortured, raped and even killed in the hands of their husbands or ex-husbands in different

Aniruddha blames partner

Special Correspondent :Businessman Aniruddha Kumar Roy, who returned his Gulshan home in the small hours of Thursday after long 81 days of missing, claimed that he was a victim of

Rohingya issue top on agenda

UNB, Nay Pyi Taw (Myanmar) :Foreign Ministers from Asian and European countries get together here on Monday to strengthen partnership for peace, find joint efforts to achieve Sustainable Development Goals

Attack on minorities won`t sway in Rangpur city polls

Staff Reporter :Chief Election Commissioner KM Nurul Huda on Sunday said that the attack on Hindu community in Rangpur would have no impact on Rangpur City Corporation Election.The CEC said