The invention belongs to protection equipment of rail tracks, and particularly relates to a track bed ice-melting water-draining protection device which protects sleepers and ballasts in a shielding mode through sleeper protection covers, end protection covers, clamping plate protection covers, water-draining grooves with changeable width and other components. The variety of the components of the track bed ice-melting water-draining protection device is small, the specification is uniform, manufacturing is convenient, clamping bars and claming grooves are adopted between the components, and locking connection is achieved through elastic deformation. The structure is simple, connection is reliable, mounting and dismounting are easy, the ballasts can be conveniently sieved and maintained, and all the components are made of glass reinforced plastic sandwich panels. The track bed ice-melting water-draining protection device has the advantages of being high in strength, low in weight, corrosion resistant, waterproof, aging resistant, long in service life, convenient to maintain, and the like. Carbon fiber electric hot plates are arranged in internal paving layers of all the components, a microcomputer is used for controlling temperature, the track bed ice-melting water-draining protection device has the functions of heating and ice melting, and can prevent frost and snow damage. The track bed ice-melting water-draining protection device is suitable for ice melting, water draining and protection of railway coal transportation dust suppression stations and rail track beds where snow hazards easily occur in winter.