Railways to allocate INR 40000 Crore for Safety, Modernization

नयी दिल्ली New Delhi:  The ruling dispensation at the Centre is planning special fund for electrification of Indian railways apart from safety and modernization in the Railway Budget 2014-15. Railways needs over rupees two lakh crore, approximately INR 40,000 crore per year, for the safety and modernization of the rail network.

After salary and operational expenditure, at present the Railways is left with just INR 10-15,000 crore. This means that government will have to arrange nearly INR 25, 000 crore. Out of which, the government has already made arrangement of INR 6,000 crore by hiking fare earlier this month.

Some money would be arranged from the safety and modernization fund while the Railways will try to arrange the remaining amount through budgetary allocation from the Finance Ministry.

Aiming at generating more revenue from parcel movement, the Rail Budget is likely to propose development of high capacity parcel vans.

Last year, the Railways had received budgetary assistance of INR 29,000 crore. This year it increased the amount and asked for the assistance of INR 40,000 crore.

If the expected assistance was not provided, the Railways would be left with the option of arranging money through additional resources like utilizing wasteland for business purposes and taking money from the market.

Disposable linen in Rajdhani trains, automatic closing doors in Shatabdi and fire suppression system in passenger coaches are some of the other proposals set to be announced in the Rail Budget.

In a step towards providing better amenities and hygienic condition in trains, railways has decided to start a pilot project of providing disposable bedrolls in Bangalore Rajdhani Express.

Heeding to the demand from the manufacturing sector, the Railways is also finalising its budgetary plan to develop high capacity wagons to transport more steel coils.

As per the plan, the state-run transporter is proposing to develop wagons which can carry upto 3944 tons of coils. Currently, the carrying capacity of wagons is 2346 tons.

Keeping the increased demand for dairy products and milk output, railways is proposing to develop higher capacity milk van which can carry 44,600 litres as against the current 40,000 litre.

Though the carrying capacity of milk van will be increased, the weight of the new design milk van will be reduced from 37 tons to 29.7 tons, as per the plan