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Highlights of Railway Budget 2012-2013 – Dinesh Trivedi | Significance of Indian Railway Budget

Indian Railway Minister Shri Dinesh Trivedi presented the Indian Railway Budget 2012-2013 today (14th March 2012, Wednesday) and most importantly the Railway Ticket Fare has been increased after eight years in this Railway Budget of India 2012-2013. Let’s check out the areas that were highlighted in the Railway Budget 2012-2013 of India by Indian Railway Minister Shri Dinesh Trivedi.

Indian Railway Budget 2012-2013 – Dinesh Trivedi
- Railways must attract 10% of the Rs 20 lakh crore Governments expects to spend on infrastructure during 12th Plan.
- Railways expect gross budgetary support of Rs 2.5 lakh crore during 12th Plan.
- Collective challenge to formulate viable funding mechanism for modernization.
- Railways should contribute 2% of GDP from the present 1 percent.
- 487 approved projects at various levels of execution in Indian Railway.
- Market borrowing through IRFC at Rs 50,000 cr needed in 2012.
- Modernize rolling stock via fresh purchases of wagons, engines.
- Plan to upgrade 19,000 kms of tracks in 5 years.
- Indian Railways to create 1000 stations through PPP route in 5 years.
- Station development org to be funded via PPP.
- Delhi-Kolkata travel time to be brought down to 14 hours from 17 hours.
- Facilitate running of longer and heavier freight trains.
- Indian Railways to introduce Double Decker container trains.
- Total cost of signaling for five years is Rs 35,000 crores.
- 17 gauge conversion projects will be completed in FY 12-13.
- 825 kms of gauge conversion projects to be completed.
- Rs 6872 crore allocated under the new line plan.
- Development of major stations to create 50,000 jobs.
- New lines to be laid in under-developed parts.
- Plan to enhance GPS use in railways.
- To complete over 45 new lines in FY13, stretching over 700 kms.
- Rs 1102 crores for passenger amenities in FY 13 as compared to Rs 700 cr in previous year.
- To set up elevated suburban corridors in Navi Mumbai. Working on PPP for elevated Churchgate-Virar corridor.
- New lines to be set up for Kolkata Metro (Kalyani to Barrackpore Metro railway).
- Railways to take up linking of Agartala to Akura in Bangladesh.
- 31 projects of over 5,000 km being implemented with the support of state governments.
- All meter gauge, narrow gauge sections to be made broad gauge, except heritage lines, by end of 12th Five Year Plan.
- 725 km of new line completed in the current year, Rs 6,725 crore for new lines.
- 14 new rail line survey to be taken up in 2012-2013.
- Budgetary support pegged at Rs 25,000 crore for the coming year as against projected requirement of Rs 45,000 crore.
- Logistics Corporation will be created for providing logistics solutions for rail users.
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