Press Information Bureau

Government of India

Ministry of Railways

14-March-2012 14:36 IST

Five Focus areas for Infrastructure Development Identified: Tracks, Bridges, Signaling & Telecommunications, Rolling Stock and Stations & Freight Terminals Highest Ever Plan Outlay of Rs. 60,100 Crore this Year

Five focus areas have been identified to strengthen the basic infrastructure of Indian Railways resulting in safety, decongestion, capacity augmentation and modernization of systems, creating more efficient, faster and safer railways. The areas are Tracks, Bridges, Signaling & Telecommunications, Rolling Stock and Stations & Freight Terminals.

The Minister of Railways Shri Dinesh Trivedi introducing the Railway Budget for 2012-13 in Parliament today said, these areas have been chosen from the recommendations of Kakodkar and Pitroda Committees. He said, the Annual Plan outlay for the year 2012-13 has been targeted at Rs. 60,100 crore, which is highest ever plan investment. The plan would be financed through:-

i.    Gross Budgetary Support of Rs. 24,000 crore;

ii.   Railway Safety Fund of Rs. 2,000 crore;

iii.   Internal Resources of Rs. 18,050 crore; and

iv.   Extra Budgetary Resources of Rs. 16,050 crore, which includes market borrowing of Rs. 15,000 crore through IRFC.

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MKP/AD/DB

Railway infrastructure funding plan announced to strengthen tracks, bridges, signaling, rolling stock and terminals and safety improvements. Five priority areas-Tracks, Bridges, Signaling & Telecommunications, Rolling Stock, and Stations & Freight Terminals-are designated to improve safety, decongestion, capacity and modernization. A highest-ever Annual Plan outlay for 2012-13 is set at Rs. 60,100 crore to fund these priorities. Plan financing is structured across Gross Budgetary Support, a Railway Safety Fund, Internal Resources, and Extra Budgetary Resources including market borrowing through a railway financing corporation to support infrastructure and safety-focused modernization.