Tuesday, 24 January 2017

`Faulty financial model responsible for poor railway infrastructure`

Initial inquiry reports of recent rail accidents may point to sabotage, but a former Railway Minister and officials held the "faulty financing model" and delay in implementing the required technological measures responsible for the poor infrastructure of the railways that may also be responsible for some train accidents. As former Railway Ministers in the last decade, Lalu Prasad of the Rashtriya Janata Dal (RJD) and Mamata Banerjee of the Trinamool Congress refrained from any rational hikes in fares, the railways has reached the level of bankruptcy, the officials said. Former Railway Board Chairman J.P. Batra said that the minimal hike in railway fares in the last decade has taken its toll on the infrastructure.

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