I would like to detail some of the key highlights of the Railway budget.
§ XIth Five Year Plan Targets exceeded in New Lines (2,207 km) , Doubling (2,758 km) and Electrification (4,556 km), Production of Diesel (1,288) & Electrical (1,218) Locos and Acquisition of Wagons (64,875)
§ Dedicated Freight Corridors on the Eastern and Western Routes – leading to strategically critical capacity augmentation.
§ Railways met from its own means the total additional impact of Rs one lakh crore due to implementation of 6th Pay Commission
§ In 2013-14, 1532 km of New Lines, Doubling and Gauge Conversion commissioned.
§ Production commenced at the new factories – Rail Wheel Plant, Chhapra ; Rail Coach Factory, Rae Bareli ; and Diesel Component Factory, Dankuni.
§ Rail infrastructure by cost sharing arrangement with State Governments; Karnataka, Jharkhand, Maharashtra, Andhra Pradesh and Haryana agreed to several projects
§ Several Public Private Partnerships (PPP) projects are in the pipeline.
§ FDI being enabled to foster creation of world-class rail infrastructure.
§ Rail Land Development Authority raised Rs 937 crore so far.
Measures for improving Safety & Security
§ No unmanned Level Crossing. A total of 5,400 unmanned level crossings eliminated – 2,310 by manning it and 3,090 by closure / merger / construction of ROBs or RUBs.
§ Improved audio – visual warning to road users in advance of approaching trains.
§ Induction of indigenously developed Train Collision Avoidance System
§ Development of ‘crashworthy’ coaches
Modernisation and Technology Induction
High Speed Trains
o Joint feasibility study by India and Japan for Mumbai – Ahmedabad Corridor to be co-financed by Japan International Cooperation Agency
o Business Development Study by SNCF for Mumbai – Ahmedabad corridor.
o Semi- High Speed Projects
§ Exploring low cost option of speeds 160- 200 kmph on selected routes
§ Railway Energy Management Company becomes functional. Windmill and solar power plants to be set up with 40% subsidy from Ministry of New & Renewable Energy.
§ 200 Stations, rooftops of 26 buildings and 2,000 level crossing gates to be covered.
§ Railways bagged 22 out of 112 awards given by the Government.
§ ‘Green Curtains’ along the track close to major stations; Pilot work at Agra and Jaipur
§ Coverage of Bio-toilets in 2,500 coaches and would be increased progressively.
Passenger Friendly Initiatives
§ Overwhelming public response to e-booking of ticket
§ On-line tracking of exact location and running of train movements
§ 51 Jan-Ahaar outlets for Janta Meals ; 48 passenger escalators commissioned at stations and 61 more being installed ; air-conditioned EMU services in Mumbai from July 2014 ; information display system in important trains to indicate stations & arrival time.
§ ‘Upgradation’ scheme extended to AC Chair Car and Executive Chair car passengers.
Revenue Freight Traffic
- Loading target of 1047 Million Tonnes for 2013-14 would be surpassed
- Empty Flow Discount Scheme to be implemented
- Carrying Capacity + 9 tonne + 1 tonne routes being planned
- Easing of some restrictions on movement of imported commodities through Containers
- Carrying capacity of 20 feet containers increased by 4 tonnes
- Parcel Terminals & Special Parcel Trains with scheduled timings.
- New policy on parcels to encourage transportation of milk.
- New concept of ‘hub and spoke’ for parcel business
- Third party warehousing in Special Parcel Terminals envisaged.
Budget Estimates 2014-15
- Loading target of 1,101 Million Tonnes
- Gross Traffic Receipts targeted at Rs 1,60,775 crore with Passenger Earnings (Rs 45,255 crore), Goods (Rs 1,05,770 crore), Other Coaching & Sundry Earnings (Rs 9,700 crore)
- Ordinary Working Expenses placed at Rs 1,10,649 crore, higher by Rs 13,589 crore
- Pension Outgo budgeted at Rs 27,000 crore against Rs 24,000 crore for 2013-14
- The entire Dividend of Rs 9,117 crore to General Exchquer will be paid
- Fund Balances likely to be Rs 12,728 crore.
- Operating Ratio budgeted at 89.8%
Annual Plan 2014-15
- Annual Plan envisaged at Rs 64,305 crore with a Budgetary Support of Rs 30,223 crore , Internal Resources of Rs 10,418 crore and Extra Budgetary Resources of Rs 19,805 crore
- New Surveys: 19 New Lines & 5 Doubling
- 17 Premium trains
- 38 Express trains
- 10 Passenger trains
- 4 MEMU
- 3 DEMU
Extension and Increase in frequency
- 3 Extension of trains
- 3 increase in frequency