Railway Budget 2011-12: The highlights

Railway Minister Mamata Banerjee presented her third Railway Budget in Parliament on Friday.
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Feb 26, 2011, 04.48 PM

Railway Budget 2011-12: The highlights

Railway Minister Mamata Banerjee presented her third Railway Budget in Parliament on Friday.

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Railway Budget 2011-12: The highlights

Railway Minister Mamata Banerjee presented her third Railway Budget in Parliament on Friday.

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Railway Budget 2011-12: The highlights
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
  • To double-line 867 km of rail tracks in FY12
  • To up capacity of 107 Mumbai local trains

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Railway Budget 2011-12: The highlights

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