Railway budget highlights 4March 14th, 2012 - 2:17 pm ICT by IANS
* Focus during next five years on five areas: tracks, bridges, signalling, rolling stock and stations.
* Signalling to be improved over 19,000 km.
* Investment of Rs.1.70 lakh crore on rolling stock in next five years.
* Attempt to increase train speeds to 160 kmph; journey time from New Delhi to Kolkata can be brought down to 14 hours from 17 hours.
* Improvements to railway stations can provide employment to 50,000 people.
* Outlay of Rs.60,100 crore during 2012-13, the highest ever.
* Railways will require Rs.14 lakh crore in the next 10 years for modernisation.
* Aim to bring down operating ratio from 90 percent to 84.9 percent in 2012-13 and to 72 percent by 2016-17.
* Time has come for formulating national policy for railways on the lines of that for defence and external affairs.
* Railways should grow at 10 percent annually for sustained GDP growth.
* Railways to invest Rs.7.35 lakh crore during 12th Five Year Plan period (2012-17), a quantum jump from the Rs.1.92 lakh crore invested in previous plan period.
* 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.
* Stress on strengthening safety. Has to be be benchmarked with the best in the world.
* Target of reducing accidents from 0.55 to 0.17 has been met.
* Special purpose vehicle to be set up on safety protocols.
* Independent railway safety authority to be set up as statutory safety body.
* Investment of Rs.5.60 lakh crore required for modernisation.
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Tags: budgetary support, contribute 2, crore, five year plan, gdp growth, journey time, kmph, operating ratio, plan period, quantum jump, railway budget, railway safety, railway stations, rolling stock, safety authority, safety body, safety protocols, special purpose vehicle, train speeds, world target