Mumbai : The sheer announcement of the manifold hike in the train season passes and then subsequent rollback though generated instant revenue but caused losses to both the zonal railways. The Central Railway (CR) has suffered a loss of Rs 247 crore  on the annual sale of tickets in suburban section while its counterpart Western Railway (WR) has suffered a loss of 281 crore.

The unprecedented hike in season passes led to the sale of nearly 7 lakh season tickets in four days. Both the CR and WR generated a total of 69 crore only by the sale of season tickets till Tuesday midnight. While the CR generated Rs 752 crore from the sale of tickets in suburban section in 2012-13, the revenue expected in 2013-14 was Rs. 1,105 crore after doubling of the season pass fares. With the fare hike being rolled back the revenue has toppled back to Rs 878 crore which has led to the loss of 247 crore.

Similarly, WR generated Rs 678 crore from annual sale of the tickets in Mumbai division in 2012-13 while the revenue in 2013-14 was expected to go up to Rs 1,035 crore. The revenue, however, fell back to Rs. 775 crore making the loss of Rs. 282 crore.

In last four days, after the fare hike was announced on June 20, CR sold a total of 3.5 lakh tickets the WR was not far behind and sold 3.3 lakh season passes. Total  40 crore rupees were obtained from the sale of tickets on WR while CR generated a total revenue of Rs 29 crore in last four days. It is the first time in the history of railways that season passes were sold in such a high numbers, remarked a senior railway official.

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Free Press Journal