Indian Railways nod to share profit with tourism dept from ‘Golden Chariot’

The Karnataka tourism department has agreed to share the profit with the Railway Board instead of collecting the huge haulage charges for running the Golden Chariot, the only luxury train of peninsular India. The train was running in loss as the Karnataka State Tourism Development Corporation (KSTDC) was paying more as haulage charges to the Railways than the revenue generated. With the decision, the KSTDC will not only make  revenue from the luxury train but also generate profit for the railways.
“The Railways has decided not to go for the haulage charge. They  will be sharing the revenue…whatever revenue we get will be shared between the Railways and KSTDC,” said Kumar Pushkar, Managing Director, KSTDC. He explained that earlier the Corporation made losses for many years due to very high haulage charges to Railways.
Pushkar said, “The haulage charges used to be higher  than what the total revenue we were getting from the sale of  the ticket. With this arrangement, running train will be  sustainable. It can be done to promote tourism in future years  also.”
Pushkar said Karnataka tourism minister Priyank Kharge had met the Railway Board chairman recently and apprised him of the challenges KSTDC was facing to continue the train.

Source: PTI