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 F...
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