Highlights of interim railway budget (Third Lead)

February 13th, 2009 - 3:07 pm ICT by IANS  

New Delhi, Feb 13 (IANS) Following are the highlights of the interim rail budget for next fiscal presented by Railway Minister Lalu Prasad in Lok Sabha Friday:
* Two percent reduction in fares for virtually all classes

* Feasibility studies progressing well to start ‘bullet trains’ in India

* Plan outlay for 2009-10 kept at Rs.379.05 billion (Rs.37,905 crore)

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

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

* 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 in five years

* But freight down in current year due to economic downturn

* Revised freight earnings for this fiscal to Rs.542.93 billion (Rs.54,293 crore)

* Freight loading target retained at 850 million tonnes

* Estimated freight earnings for next fiscal pegged at Rs.590.59 billion (Rs.59,059 crore)

* Drop in train accidents, railway safety enhanced

* 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

* Dedicated freight corridor from Ludhiana to Kolkata to be inaugurated later this month

* Kolkata Metro will be expanded

* 43 new train services to be started in 2009-10

* Frequencies of 14 trains enhanced

* Frequencies of several trains across the country increased to daily service

* Extension of 14 trains envisaged

* Passenger volume likely to grow by around 7 percent over previous year

* Steps to have railway connectivity to Kashmir initiated

* Railways have set up four call centres

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