Wednesday, March 14, 2012

Rail Budget 2012

HIGHLIGHTS




* Railways must attract 10 percent of the Rs 20 lakh crore government expects to spend on infrastructure during 12th Plan
* Railways expect gross budgetary support of Rs 2.5 lakh crore during 12th Plan.
* Collective challenge to formulate viable funding mechanism for modernisation.
* Railways should contribute 2 percent of GDP from the present 1 percent.
*487 approved projects at various levels of execution
*Market borrowing through IRFC at Rs 50,000 cr needed in 2012
*Modernize rolling stock via fresh purchases of wagons, engines

*Plan to upgrade 19,000 kms of tracks in 5 years
*To create 1000 stations through PPP route in 5 years

*Station development org to be funded via PPP

*Delhi-Kolkata travel time to be brought down to 14 hours from 17 hours

*Facilitate running of longer and heavier freight trains

*To introduce double decker container trains

*Total cost of signalling for five years is Rs 35,000 crores
*17 gauge conversion projects will be completed in FY 12-13

*825 kms of gauge conversion projects to be completed

*Rs 6872 crore allocated under the new line plan

*Development of major stations to create 50,000 jobs

*New lines to be laid in under-developed parts

*Plan to enhance GPS use in railways

*To complete over 45 new lines in FY13, stretching over 700 kms

*Rs 1102 crores for passenger amenities in FY 13 as compared to Rs 700 cr in previous year

*To set up elevated suburban corridors in Navi Mumbai. Working on PPP for elevated Churchgate-Virar corridor

*New lines to be set up for Kolkata Metro

*Railways to take up linking of Agartala to Akura in Bangladesh.

*31 projects of over 5,000 km being implemented with the support of state governments.

*All meter gauge, narrow gauge sections to be made broad gauge, except heritage lines, by end of 12th Five Year Plan.

*725 km of new line completed in the current year, Rs 6,725 crore for new lines, says Trivedi.

*14 new rail line survey to be taken up in 2012-13.

*Budgetary support pegged at Rs 25,000 crore for the coming year as against projected requirement of Rs 45,000 crore.

*Logistics Corporation will be created for providing logistics solutions for rail users.

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