Railway Minister Suresh Prabhu on Friday, said efforts are on to take the public transporter ‘out of the ICU’ and create a situation where it can breathe well.
“The railways was in deep trouble not now but in the last 20-30 years. That is what the Rakesh Mohan committee report had said. So now we are trying to create a situation where the railways will be able to breathe well,” he said.
Asked whether the national transporter is still in the ICU, he said, “We are trying to take it out of the ICU.”
On measures to make it robust, Prabhu said, “In order to survive, the railways needs to revamp its operation. We are working on it. We are making it sure that the railways will be an engine of growth in the next few years. We are putting all our efforts into it.”
To a question about the railways’ strategy since loadings are falling, the minister said a capacity to handle 1.2 billion tons of cargo will be created in the coming years.
“Freight (traffic) falling is not in our hands, it depends on the growth of the core sector. When core sector grows freight will also grow. But we are ready to handle 1.2 billion tons of cargo. In the railways’ history for the first time, we have created such a handling capacity ahead of its demand. So now cargo has to come,” he said.
Asked whether the railways is considering hiking passenger fare since the freight is not picking up and passengers growth rate is also not high, Prabhu said the regulatory authority will decide on it.
“We are setting up a regulatory framework for fare decision. The regulator will decide what should be the fare,” he said.
On certain trains being introduced recently with increased fare, he hinted at a possible separate fare structure for the new services.
“We are starting four new products — Humsafar, Tejas, Antodaya and Uday. All these products will look at how to increase market share of the railways,” the minister said.