BR stops train service

The ministry has directed BR to stop passenger train services because it is an expensive exercise. More details as to when the service will be suspended are expected early next week. In October 2006, BR indefinitely suspended the day passenger train service and now the night train is to be stopped.

The passenger coaches will be sold to raise funds as part of a strategy to re-finance BR which made a P78 million loss over the last year. The company now requires a recapitalisation of close to P600 million.