Highlights of interim railway budget (Lead)

February 13th, 2009 - 2:18 pm ICT by IANS  

New Delhi, Feb 13 (IANS) Following are the highlights of the interim rail budget for next fiscal presented by Minister for Railways Lalu Prasad in Lok Sabha Friday:
* Feasibility studies progressing well to start ‘bullet trains’ in India

* Railways will create record surplus of Rs.900 billion (Rs.90,000 crore) this fiscal

* In past five years, no burden imposed on train passengers

* Railways saw 14 percent rise in passenger income

* Railways managed 8 percent growth in freight loading

* Drop in train accidents, railway safety enhanced

* Rs.700 billion (Rs.70,000 crore) surplus ploughed back to improve efficiency

* Rs.367.73 billion (Rs.36,773 crore) spent this fiscal toward productivity, passenger facilities

* Railways to introduce wagons with higher capacity

* Railways to spend Rs.230 billion (Rs.23,000 crore) in 2009-10

* Work has started on Delhi-Mumbai dedicated freight corridor

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