The Comptroller and Auditor General (CAG) has found that railways suffered loss to the tune of over Rs. 314 crore due to under-utilisation of parcel cargo express trains (PCET) and blamed the Railway Board for the lack of coordination and non-enforcement of the scheme. The railways authorities had in February 2007 decided to attract piecemeal parcel traffic by providing value-adde door-to-door services through private operators and evolved a policy for leasing out of parcel cargo express trains.The CAG, in its latest report, observed that Southern Railway failed to ensure the availability of satisfactory operational arrangements for running of parcel cargo express trains with fixed path and time schedules. The Comptroller and Auditor General has also rapped railways for not having its own weigh bridges at more than 700 loading centres which lead to the risk of revenue loss in carrying freight.
News On AIR | November 30, 2014 11:36 AM
Railway suffered loss of Rs 314 crore on parcel cargo: CAG