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of Railway Budget 2015 The Hindu
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BUSINESS » BUDGET
February 26, 2015
Highlights of Railway Budget 2015
K.T.Jagannathan
Internet Desk
People watch the Railway budget presentation on television at the New Delhi Railway station on Thursday. Photo: Sandeep Saxena
PTI
Railway Minister Suresh Prabhu presents the Rail Budget 201516 in the Lok Sabha on Thursday.
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9/9/2015 Highlights of Railway Budget 2015 The Hindu
The Hindu
Union Railway Minister Suresh Prabhu along with Minister of State for Railways Manoj Sinha on way to Parliament House from Rail
Bhawan to present Railway Budget 201516, in New Delhi on Thursday. Photo: V. Sudershan
Missed the presentation of this year's Railway Budget? Here's a quick recap of all major announcements made by Railway Minister Suresh
Prabhu.
The key themes of the Budget were in line with Prime Minister Narendra Modi's initiatives Swachch Bharat Mission, Make in India and
Digital India.
What is the investment plan?
The Railway Budget envisages an investment of Rs. 8.5 lakh crore in next five years.
How is it going to be mobilized?
The Minister suggested that the money could be raised from multiple sources from multilateral development banks to pension funds.
What is the action plan in the sphere fund raising?
Go in for partnership with key stakeholders States, PSUs, partner with multilateral and bilateral organizations other governments to gain
access to longterm financing. Also, get technology from overseas. The private sector could be roped in to improve lastmile connectivity,
expand fleet of rolling stock and modernize station infrastructure.
What is the thrust?
The thrust will be on revamping management practices, systems, processes, and retooling of human resources.
What is the proposal on capacity augmentation?
1. Decongesting networks with basket of trafficgenerating projects will be the priority
2. Priority to lastmile connectivity projects
3. Fasttrack sanctioned works on 7,000 kms of double/third/fourth lines
4. Commissioning 1200 km in 201516 at an investment of Rs. 8,686 crore, 84% higher YOY.
5. Commissioning 800 km of gauge conversion targeted in current fiscal.
6. 77 projects covering 9,400 km of doubling/tripling/quadrupling works along with electrification, covering almost all States, at a cost of Rs.
96,182 crore, which is over 2700% higher in terms of amount sanctioned.
7. Traffic facility work is a top priority with an outlay of Rs. 2374 crore .
8. Award of 750 km of civil contracts and 1300 km of system contracts in 201516 on Dedicated
9. Freight Corridor (DFC); 55 km section of Eastern DFC to be completed in the current year.
10. Preliminary engineeringcumtraffic survey (PETS) for four other DFCs in progress.
11. Acceleration of pace of Railway electrification: 6,608 route kilometers sanctioned for 201516, an increase of 1330% over the previous
year.
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