Centre should junk its plans to privatise train services: PMK
Chennai
20-November-2021
PMK founder S.Ramadoss on Saturday said that the Centre should scrap its
attempt to privatise train services after failing to get private
investors for 13 trains running within Tamil Nadu and those originating
from the state.
Ramadoss said no private party had shown interest
in operating express trains from Chennai to
Trichy/Madurai/Tirunelvelli/Kanniyakumari/Coimbatore/Delhi/Mumbai/Kolkata/Jaipur/Hyderabad/Bengaluru and for Kanyakumari to Ernakulam.
At
the all India level, Ramadoss said, the private sector did not show
interest in bidding for more than 95 per cent of the trains that were
tendered out.
He said privatising passenger train services will result in an increase in fare impacting the poor.
Currently, 47 per cent of the passenger fare is cross subsidised by freight traffic and if the trains are privatised then the passenger fares will increase at least by 70 per cent if the bidder has to earn a profit.
Ramadoss said the conditions like revenue sharing by the private party with Indian Railways and only 10 per cent of the trains being privatised have deterred the private sector from showing interest.
The PMK leader said the government instead of relaxing the two conditions should scrap its plans to privatise the train services.- IANS
More Headlines
AI-Enabled SaaS Platform Accacia Raises $6.5 Million in Funding
Natch Snacks and Recircles Team Up for Sustainable Waste Management
Hyderabad BJP Candidate Booked For Hurting Religious Sentiments
BJP Loses Veteran Malikayya Guttedar to Congress Ahead of Lok Sabha Elections
ED Attaches Rs 97.79 Crore Worth of Properties Belonging to Raj Kundra Under PMLA
AI-Enabled SaaS Platform Accacia Raises $6.5 Million in Funding
Natch Snacks and Recircles Team Up for Sustainable Waste Management
Hyderabad BJP Candidate Booked For Hurting Religious Sentiments
BJP Loses Veteran Malikayya Guttedar to Congress Ahead of Lok Sabha Elections
ED Attaches Rs 97.79 Crore Worth of Properties Belonging to Raj Kundra Under PMLA