The Minister
of Railways Shri Suresh Prabhakar Prabhu while presenting the Railway Budget
2015-16 in Parliament today has said that the goals of transforming Indian
Railways will be achieved with a five point execution strategy. These are:
a) Adopting a
medium-term perspective:
Budget proposals to mark
beginning of a Five Year Action Plan to transform the Railways.
|
PROPOSED INVESTMENT
PLAN (2015-2019)
|
|
|
Item
|
Amount (Rs in crore)
|
|
Network Decongestion
(including DFC, Electrification, Doubling including electrification and traffic
facilities)
|
199320
|
|
Network Expansion
(including electrification)
|
193000
|
|
National Projects
(North Eastern & Kashmir connectivity projects)
|
39000
|
|
Safety (Track renewal,
bridge works, ROB, RUB and Signalling & Telecom)
|
127000
|
|
Information Technology
/ Research
|
5000
|
|
Rolling Stock
(Locomotives, coaches, wagons – production & maintenance)
|
102000
|
|
Passenger Amenities
|
12500
|
|
High Speed Rail &
Elevated corridor
|
65000
|
|
Station redevelopment
and logistic parks
|
100000
|
|
Others
|
13200
|
|
TOTAL
|
8,56,020
|
b) Building
Partnerships:
This will
require partnering with key stakeholders: States, PSU’s, partner with
multilateral and bi-lateral organizations & other governments to gain
access to long term financing and technology from overseas, the private sector to
improve last mile connectivity, expand fleet of rolling stock and modernize our
station infrastructure.
c) Leveraging
additional resources:
Indian
Railways envisages investment of Rs. 8.5 lakh crore in next five years to be
mobilized from multiple sources to cater to funding i.e multilateral
development banks, pension funds.
d) Revamping
management practices, systems, processes, and re-tooling of human resources:
·
Targeted
operating ratio for 2015-16 at 88.5% against 91.8%in 2014-15: best in the last
9 years.
·
Indian
Railways to speed up decision making, tighten accountability, improve
management information systems: training and development of human resource.
e) To set standards
for Governance and Transparency
Courtesy: pib.nic.in
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