The chamber said the refusal to revise passenger fares for the last 14 years had brought the country’s largest transportation system to the perilous financial situation with almost zero surplus and severe funds crunch. This had led to huge slippages in various safety related measures and rolling stock and track improvements that were urgently needed.
Assocham also called for creating a consensus for raising passenger fares across the political divide, linking such an increase to the benefit that passengers would receive from larger passenger capacity and safer travel.
The chamber has recommended addition to the current programme of two east and west dedicated freight corridors, a high speed freight corridor connecting Delhi with Hyderabad-Chennai-Bangalore and raising the existing track on this route also to run high speed passenger trains above 150 kmph.
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