New Delhi: Owing to the global meltdown, railways may fail to meet the target in freight traffic in the current financial year.
Railways have failed to achieve the target upto December 2008 and has been able to manage only 606.75 million tonnes (MT) loading against the target of 627.85 MT upto December 2008, thus falling short of 21.10 MT.
The total goods earnings upto December is Rs37,898.52 crores against the budget projection of Rs38,356.32 crores, thereby leaving a gap of Rs457.80 crores.
However, Indian Railways is hopeful of meeting the target at the end of the current fiscal.
There may be shortfall in meeting the target volume but are we are sure of meeting the target of freight earnings in the current fiscal, said a senior Railway Ministry official.
Railways had set the target of 850 million tonnes (MT) freight traffic for the current fiscal ending in March 2009.
Railways had created a record by exceeding the freight target in the last fiscal.
The total freight loading was 794 MT in 2008-09 against the target of 790 MT.