harpoon
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Do you think the general population in India has the ability to pay for increased fare which will be the direct result of privatization ? Also--In places like bihar--people dont even bother to get platform tickets--let alone--train tickets. How will the private firms make money ?
Private companies are not philanthropists like the government--despite its many faults. They will cut their losses and scuttle operations at the first sign of trouble.
And besides--we are not mature enough to respect public property. Private parties will not be willing to entertain any damage to their property.
But a partial privatization can work .For example private companies can operate trains like Rajadhani (where there is no 'free lunch' like the ordinary ones). The private companies can buy or lease the train and they will pay railway per km and for the services availed by them like the loco pilots/guards/RPF etc
Shuffling ministers like pack of cards wont solve any problem. Its a institutional issue, even a good raiway minister cant change it in 5 years.
We need massive investment in railways for few years (like highway projects) with focus on safety. Problem is passenger fair is artificially kept low (political issue) which bleeds railways. The users of railways should contribute to it instead of looking at taxpayers all the time.
I am not aware of the financial health of railways, but God help us if it goes the way of Pakistan Railways. Railways is like a elephant..strong and powerful but once hit and go down, very difficult to get it back up.