It's yet another populist Railway Budget from Mamata Banerjee. The Railway Minister left passenger fares and freight rates unchanged even as she promised an investment of Rs 57,630 crore into the railways in financial year 2012. This move comes in at a time when the railways finances are deteriorating.
However, the minister said that the financial health of the railways would be brought back on track in the next financial year with Rs 5,258 crore of excess funds.
Here are the key highlights.
Got 85 proposals for PPP
High demand for coach, wagons can't be met immediately
To set-up single window for PPP approval
To set-up rail-based industries for passenger coaches
Giving economic share to industrials to invest in rail
Some rolling stock materials not available
Have to depend on imports for rolling stock material
To set up coach factory in Palaghat
To set up metro coach factory in Singur
To set-up diesel locomotive centre in Manipur
Imphal to be connected with rail network soon
To set up new coach factory at Kolar via PPP or JV
To set up two more wagon units under JV mode
To set up two more wagon units in Kerala
To set up rail industrial park at new Bongaigaon, Nandigram
To set up 700 MW gas-based power plant in Maharashtra
Planning 1320 MW thermal power plant in Agra
To set up 1300 MW thermal power plant in AP
Aiming 700 km of annual rail line addition as compared to the current 150 kms
Working on 1000 MW captive power plant in Bihar
To build new rail line capacity of 700km versus 180km a year
To raise Rs 10,000 crore via tax free bonds
Annual plan for FY12 at Rs 57,630 crore
Annual gross budgetary support at Rs 20,000 crore
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
To spend Rs 9,583 crore for new line in FY12
To create fund to implement socially desirable plans
Railways earnings likely to exceed Rs 1 lakh crore
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
To cut booking charge on AC to Rs 10 versus Rs 20
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%
Lost Rs 2,000 crore in FY11 on iron ore export curbs
Disruption cost Rs 1,500 crore loss in FY11
Railways saved Rs 3,700 crore due to austerity steps
Operating ratio excluding pay panel arrears at 84% now
Double-stack container train from Gujarat to Gurgaon
Railway earnings set to top Rs 1 lakh crore mark in FY12
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 women senior citizen cut to 58 years versus 60 years
