(a) the total expenditure incurred on construction of Konkan Railway Project;
(b) whether the Konkan Railway Corporation has been suffering a heavy loss at present;
(c) if so, the details in this regard and the reasons therefor; and
(d) the efforts made by the Railways to make Konkan Railway Corporation profitable?
MINISTER OF RAILWAYS( KUMARI MAMTA BANERJEE )
(a) to (d): A Statement is laid on the Table of the Sabha.
STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (d) OF LOK
SABHA STARRED QUESTION NO. 275 BY SHRI RAJO SINGH TO BE
ANSWERED ON 10.08.2000 REGARDING LOSS SUFFERED BY KONKAN
RAILWAY CORPORATION
(a) : Approximately Rs. 3550 crores were spent on construction
of Konkan Railway Project.
(b)&(c) : The Konkan Railway is able to meet its working
expenses. However, the Konkan Railway is in financial
difficulty on account of the need to service debts incurred
for carrying out construction. Railway projects, by their very
nature, involve heavy capital investment and it takes several
years to generate enough traffic to enable the project break
even. Financial details of Konkan Railway Project for the year
1999-2000 are given below:
i) Earnings =Rs.130.21 crores ii) Expenses =Rs.111.67 crores iii) (a) Lease charges =Rs. 19.96 crores (b) Financing cost =Rs.313.99 crores Rs.403.21 crores (c) Depreciation =Rs. 69.26 crores Financial Deficit =
(ii)+
(iii)-
(i) = 111.67 + 403.21 - 130.21 = Rs. 384.67 crores