Bangladesh Railway: Hefty loss of Tk 13,492cr in 12 years

[Imran Khan]

Bangladesh Railway: Hefty loss of Tk 13,492cr in 12 years​

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Staff Correspondent

Thu Apr 28, 2022 12:00 AM Last update on: Thu Apr 28, 2022 02:08 AM



Bangladesh Railway has incurred Tk 13,492.70 crore in losses in 12 years between fiscal 2008-09 and FY2019-20, according to BR documents.
The state-run transport agency suffered a loss of Tk 2,063.1 crore in FY2019-20, the highest for a single year since FY2008-09. Data on BR's income and expenditure before that fiscal year is not available.
A draft report of the BR shows it posted a loss of Tk 1,384cr during FY2020-21. The final report has not been filed yet.
Every year, the BR publishes an "Information Book" including in it the financial summary of the agency and all the other latest data for the year. The latest book was released in November last year.
BR has not made any profit since FY2008-09, according to data available in the information books. They do not have any data on the income for years between 1971 and 2007.
The books mentioned that the agency made Tk 5.02 crore in profit in FY1969-70 during the Pakistani rule.
It earned TK 1,125.8 crore in FY2019-20 but the operational expenses were Tk 3,188.9 crore that year.
After Covid-19 hit Bangladesh in March 2020, the operation of passenger trains was suspended for over two months to curb the spread of the virus.
Its effect was visible in the financial report.
BR carried 63.99 million passengers in fiscal 2019-20, down from 92.71 million the previous year.
Although the operations of freight trains continued amid the pandemic, the quantity of goods transported by the trains reduced significantly in FY2019-20.
The freight carried was 3,179.68 thousand tonnes in FY2019-20 against 3,959.25 thousand tonnes the previous year, show the books.
BR incurred such losses before the pandemic as well.
In FY2018-19, it earned Tk 1,406.57 crores while the total operational expenses were Tk 3,050.65 crores, meaning it suffered a loss of Tk 1,644.07 crores that year.
It earned Tk 1,486.15 crores in fiscal 2017-18 compared to the operational costs of Tk 2,918.02 crores.
BR incurred Tk 1,531.7 crore in losses in FY2016-17; Tk 1,325.20 crore in FY2015-16; Tk 872.84 crore in 2014-15; 801.51 crore in 2013-14; Tk 758.11 crore in 2012-13; Tk 963.68 crore in 2011-12; Tk 862.27 crore in 2010-11; Tk 690.9 crore in 2009-10; and Tk 547.39 crore in 2008-09, show the books.

Bangladesh Railway: Hefty loss of Tk 13,492cr in 12 years

Bangladesh Railway has incurred Tk 13,492.70 crore in losses in 12 years between fiscal 2008-09 and FY2019-20, according to BR documents.

www.thedailystar.net

 

[BananaRepublicUK]

Bangladesh Railway: Hefty loss of Tk 13,492cr in 12 years​

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Staff Correspondent

Thu Apr 28, 2022 12:00 AM Last update on: Thu Apr 28, 2022 02:08 AM



Bangladesh Railway has incurred Tk 13,492.70 crore in losses in 12 years between fiscal 2008-09 and FY2019-20, according to BR documents.
The state-run transport agency suffered a loss of Tk 2,063.1 crore in FY2019-20, the highest for a single year since FY2008-09. Data on BR's income and expenditure before that fiscal year is not available.
A draft report of the BR shows it posted a loss of Tk 1,384cr during FY2020-21. The final report has not been filed yet.
Every year, the BR publishes an "Information Book" including in it the financial summary of the agency and all the other latest data for the year. The latest book was released in November last year.
BR has not made any profit since FY2008-09, according to data available in the information books. They do not have any data on the income for years between 1971 and 2007.
The books mentioned that the agency made Tk 5.02 crore in profit in FY1969-70 during the Pakistani rule.
It earned TK 1,125.8 crore in FY2019-20 but the operational expenses were Tk 3,188.9 crore that year.
After Covid-19 hit Bangladesh in March 2020, the operation of passenger trains was suspended for over two months to curb the spread of the virus.
Its effect was visible in the financial report.
BR carried 63.99 million passengers in fiscal 2019-20, down from 92.71 million the previous year.
Although the operations of freight trains continued amid the pandemic, the quantity of goods transported by the trains reduced significantly in FY2019-20.
The freight carried was 3,179.68 thousand tonnes in FY2019-20 against 3,959.25 thousand tonnes the previous year, show the books.
BR incurred such losses before the pandemic as well.
In FY2018-19, it earned Tk 1,406.57 crores while the total operational expenses were Tk 3,050.65 crores, meaning it suffered a loss of Tk 1,644.07 crores that year.
It earned Tk 1,486.15 crores in fiscal 2017-18 compared to the operational costs of Tk 2,918.02 crores.
BR incurred Tk 1,531.7 crore in losses in FY2016-17; Tk 1,325.20 crore in FY2015-16; Tk 872.84 crore in 2014-15; 801.51 crore in 2013-14; Tk 758.11 crore in 2012-13; Tk 963.68 crore in 2011-12; Tk 862.27 crore in 2010-11; Tk 690.9 crore in 2009-10; and Tk 547.39 crore in 2008-09, show the books.

Bangladesh Railway: Hefty loss of Tk 13,492cr in 12 years

Bangladesh Railway has incurred Tk 13,492.70 crore in losses in 12 years between fiscal 2008-09 and FY2019-20, according to BR documents.

www.thedailystar.net

Dude!

Posting bad news about BD isn’t going to wipe away your floods and economic crisis

Our reserves will be back to 40 billion by March.

 

[PoondolotoPandalum]

Fishing the Internet for negative articles about Bangladesh

Is this your gotcha moment?

Nice cope, but It's far harder for me to find any positive articles about your country

 

[Skull and Bones]

Bangladesh desperately needs a 15 billion dollar USD bullet train to revive the fledgling economy of the railway.

 

[AmiEktaKharapChele]

Woah almost half of Pakistan's budget

 

[bluesky]

Bangladesh Railway: Hefty loss of Tk 13,492cr in 12 years

The amount is not that big for our BAL brats. They will think the loss amount is quite below Tk15,000 crore. So, it is very small. After all the BAL party has caused (not choked) progress in many fields.

One is the railway and the other is BIMAN Bangladesh Airlines. There are a hundred other losing concerns under the BAL govt that need privatization.

 

[BananaRepublicUK]

The amount is not that big for our BAL brats. They will think the loss amount is quite below Tk15,000 crore. So, it is very small. After all the BAL party has caused (not choked) progress in many fields.

One is the railway and the other is BIMAN Bangladesh Airlines. There are a hundred other losing concerns under the BAL govt that need privatization.

Dude!

Since when has either made any money.

Both have always been corrupt!

Btw, how many flag carriers actually make money?

 

[bluesky]

The amount is not that big for our BAL brats. They will think the loss amount is quite below Tk15,000 crore. So, it is very small. After all the BAL party has caused (not choked) progress in many fields.

One is the railway and the other is BIMAN Bangladesh Airlines. There are a hundred other losing concerns under the BAL govt that need privatization.

Railway and BIMAN are losing businesses that must be privatized. The railway can be segmented into many parts, and one money earning line and one money losing line can be privatized in pairs.

This will revitalize the railway operation to make each pair of lines profitable after a few years. The railroads and the present coaches and goods containers will belong to the govt. The private owners will pay a fee for their use.

The costs of any new or replacements will be borne by the new Owners.

BD Railway and BIMAN are run by the govt as if it is the old Colonial govt. It is very backdated that must be privatized.

 

[bluesky]

Fishing the Internet for negative articles about Bangladesh

Is this your gotcha moment?

Nice cope, but It's far harder for me to find any positive articles about your country

What good news do you propose for opening a thread? Is it Bank looting by Hasina Bibi using a few agents?

 

[AmiEktaKharapChele]

You know you're a filthy dalal, when your priority is point scoring, partisanism & slobbering up foreigners who speak ill of your "country" (If they even have any links to this country in the first place... some of us are busy figuring, If some dude is Bengali or not just because he supports BAL but nobody asks any questions of/about this mong..) instead of defending it with facts and logic..



Anyone who sees this behaviour and still decides to interact and pay attention to this mongrel's BS is surely a dalal by themself... why else would anyone agree with a bigot and an Islamophobe ??

 

[bluesky]

You know you're a filthy dalal, when your priority is point scoring, partisanism & slobbering up foreigners who speak ill of your "country" (If they even have any links to this country in the first place... some of us are busy figuring, If some dude is Bengali or not just because he supports BAL but nobody asks any questions of/about this mong..) instead of defending it with facts and logic..



Anyone who sees this behaviour and still decides to interact and pay attention to this mongrel's BS is surely a dalal by themself... why else would anyone agree with a bigot and an Islamophobe ??

Hukka Hua, BAL thief!

 

[AmiEktaKharapChele]

Chorer mone pulish pulish

 

[Riz]

Hum bhi idhar taky k nhi rahy

 

[BananaRepublicUK]

Wassup with the Bollywood lingo?