Lalu Express on track

Published on Mon, Feb 26, 2007 at 16:08 |  Source : Moneycontrol.com

Updated at Tue, Feb 27, 2007 at 11:32  

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Railway Minister Lalu Prasad Yadav presented a populist budget today. He announced a cut in passenger fares across the board and has left the freight rates unchanged. The Minister once again showed his business acumen.

 

His achievements entail a profit of Rs 20,000 crore versus Rs 14,700 the previous year. Also, the passenger traffic saw an increase of 14%, while the freight traffic was up 17% and operating surplus is seen at 73.7%.

 

"In super-fast trains, the charge for unreserved super-fast travel has been reduced by 20%. The fares for 1st and 2nd class AC travel have been reduced by 6% and 4% respectively. Fares have also been cut for travel on new-design coaches, whether sleeper or chair car," announced Yadav.

 

Highlights from Railway Budget 2007:

 

  • FY07 Railway Profit Of Rs 20,000 Cr Vs Rs 14,700 Cr
  • Freight earnings up 17% in 9 months
  • Apr-Dec passenger traffic up 14%
  • Operating ratio seen at 73.7%
  • Fund balance at Rs 16,000 cr
  • Extra loading of 7 mt seen this year
  • 60 mt excess loading witnessed in FY07
  • Steel traffic market share up significantly
  • Steel movement seen up 5-7%in FY07
  • Next 5 years will invest massively in container operations
  • Plan to start 3-storey container trains on pilot basis
  • Freight on steel, cement up 5-7% in FY07
  • NTPC, other companies to help in new construction
  • IRCON, private partnership options being explored
  • Promises rail lines to aid new steel, power plants
  • 3-year plan to up facilities at key container terminals
  • Rs 1,500 Cr yearly profit seen on 1% improvement in loading
  • Wagon production seen up 10%
  • 22.9 and 25 tonne extra load wagons in FY08
  • New wagons to replace outdated ones
  • 20,000 KM high-density network to see big investment
  • Tariff discount to up high axle wagon output
  • 11,000 new wagons needed for this high-density line
  • To invest in improving infrastructure around railway stations

Contd on Pg 2....

  

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