Key Highlights of the railway budget
presented by Railway Minister D.V. Sadananda Gowda in the Lok Sabha on 8th July
2014.
- Receipts in 2013-14 were `.139,550 crore, while expenditure was `.130,321 crore.
- Railway would require `.5 lakh crores in 10 years for modernization and target to carry one billion tonnes of freight every year and also to become largest freight carrier in the world.
- Fare revision will bring in `.8,000 crore; receipts in 2014-15 estimated at `.164,374 crore, while expenditure at `.149,176 crore.
- Of the 676 projects sanctioned, only 356 remain completed.
- 4,000 women constables recruited in RPF to make travel in women`s coaches safer.
- Pre-cooked ready-to-eat meals to be introduced; launching feedback service through IVRS on the quality of food; food can be ordered by SMS and phone.
- Future e-Ticketing to support 7200 tickets per minute and to allow 1.2 lakh simultaneous users.
- Diamond quadrilateral to be launched for high-speed trains; `.100 crore allocated for taking project forward; trains on select routes to be speeded up to 160-200 km per hour.
- Bullet train proposed on Mumbai-Ahmedabad sector.
- Government proposes Office-on-Wheels; internet and workstation facilities on select trains.
- Setting up of logistic parks, private freight terminals on PPP model.
- Connectivity to ports through PPP, procurement of parcel vans and rakes by private parties for resource augmentation.
- Some stations to be developed to international standards through PPP model.
- Outsourcing at 50 major stations; onboard housekeeping to be extended to more trains.
- Resource mobilisation through leveraging PSU resources; Foreign Direct Investment and Public Private Participation. Future projects to be financed on public-private partnership model.
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