Highlights of the Railway Budget
25 Feb 2011
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Some highlights of railway minister Mamata Banerjee's Railway Budget for 2011-12
Key highlights.
- Railways earnings likely to exceed Rs 1 lakh crore
- Annual plan for FY12 at Rs 57,630 crore
- Annual gross budgetary support at Rs 20,000 crore
- Rs10,000 crore via tax free bonds to be raised
- Market borrowing at Rs 20,594 crore
- Rs 13,824 crore for acquisition of rolling stock
- Doubling spend on gauge conversion to Rs 2,470 crore
- Rs 9,583 crore to be spent for new lines in FY12
- New fund to implement socially desirable plans
- Single window for public-private partnership project approvals; 85 proposals received so far
- Rail-based industries for passenger coaches
- Economic share to industrials to invest in rail
- New coach factory in Palaghat
- New metro coach factory in Singur
- New diesel locomotive centre in Manipur
- New coach factory at Kolar via PPP or JV
- Two new wagon joint ventures to be set up
- Two more wagon units to be set up in Kerala
- Rail industrial park to be set aup at new Bongaigaon, Nandigram
- 700 MW gas-based power plant in to be set up in Thakurli, Maharashtra
- 1320 MW thermal power plant in Agra under planning
- 1300 MW thermal power plant to be set up in AP
- Imphal to be connected with rail network soon
- 700 km of annual rail line addition, up from the current 150km
- 1000 MW captive power plant in Bihar
- New rail line capacity of 700km versus 180km a year
- Three railway zones to implement anti-collision devices
- To construct 172 rail over bridges in FY12
- To do away with all unmanned rail crossings in FY12
- Started e-procurement system to ensure transparency
- Saved Rs 300 crore on rail re-alignment
- To give 12,000 acre for dedicated freight corridor
- 442 station up-gradation to be completed by March
- Booking charge on AC to be cut to Rs10 from Rs20
- Freight loading aim at 993 million tonne in FY12
- Wagon procurement target at 18,000 units in FY12
- To launch nine new Duranto, three Shatabdi trains
- To introduce 56 new express trains
- Frequency of 17 trains to be increased
- To fill up 13,000 RPF jobs
- FY12 operating ratio pegged at 91.1%
- Rs2,000 crore lost in FY11 on iron ore export curbs
- Disruption cost Rs1,500 crore loss in FY11
- Railways saved Rs3,700 crore due to austerity steps
- Operating ratio excluding pay panel arrears at 84 per cent now
- Double-stack container train from Gujarat to Gurgaon
- Expect railways financial health to revive in FY12
- To see Rs 5,260 crore savings in FY12
- See Rs 5,258 crore excess funds with railways in FY12
- Freight target reduced by 20 million tonne to 924 million tonne
- To complete 1,075 km new rail lines in FY12
- Aim to complete dedicated freight corridor by December 2016
- Concession for senior women citizen cut to 58 years versus 60 years
- 867 km of rail tracks to be converted to double-lines in FY12
- Capacity of 107 Mumbai subsurban trains to be raised
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