Thursday 26 February 2015

Rail Budget 2015: No New Trains Announced By Suresh Prabhu

Rail Budget 2015: No New Trains Announced By Suresh Prabhu

Railway Minister Suresh Prabhu in his first Rail Budget announced a record investment plan of over R
s.
 1 lakh crore in 2015-16 while sparing the passengers of a fare hike. The chartered accountant-turned politician also proposed a number of steps to increase passenger amenities. (Read the full speech)

Highlights of Mr Prabhu's Speech
  • No increase in passenger fares
  • No new trains announced
  • Tickets can be booked 120 days in advance instead of 60 days to tackle tout menace
  • Outlay for passenger amenities increased by 67%
  • Plan expenditure to go up to a record R
    s.
     1.1 lakh crore in 2015-16 from an estimated R
    s.
     61,500 crore in 2014-15.
  • Central government to outlay likely to at 41 per cent (R
    s.
    45,100 crore) in 2015-16
  • We will introduce train sets saving 20% of journey time, similar to bullet trains in design, and that can run on existing tracks
  • The speed passenger trains across nine corridors will be increased to 160-200 km from 110 km
  • SMS alert to be introduced for train timings
  • To introduce air-conditioned coaches for suburban trains
  • Wi-fi to be available at 400 railway stations
  • To revamp station redevelopment policy completely
  • To have bidding system for redevelopment of stations
  • To develop 10 satellite railway stations this year
  • 800 km of gauge conversion will be commissioned
  • E-catering introduced in 108 trains, can order on IRCTC website
  • To expand water vending machines on more stations
  • On-board entertainment facility could be extended on Shatabdi trains
  • Mobile charging stations will be introduced general class coaches
  • More general class coaches will be added to select trains for benefit of the common man
  • Railways plans to spend over R
    s.
     8 lakh crore over five years
  • Pension funds, multi-lateral banks have evinced interest in Railways
  • Proposed the best operating ratio in nine years, of 88.5 per cent for 2015-16
  • Railways to go through transformation in five years; to increase track capacity by 10 per cent to 1.38 lakh km
  • Feasibility report of high speed train between Mumbai and Ahmedabad expected by mid-2015
  • Wagon-making scheme to be reviewed to make it easier for private investment
  • To improve cleanliness & design of bed linen
  • All India 24x7 grievances helpline 138 to start soon 
  • 7,000 more toilets to be replaced by Bio-Toilets, New toilets at 650 stations, more  vaccum toilets
  • Passenger travelling unreserved  can procure a ticket within 5 minutes
  • Mobile application to address complaints of people is also being developed
  • Introduction of integrated ticketing will be done
  • Hand-held devices for ticket checkers for moving towards paperless ticketing
  • Centrally managed railway display network in over 2000 stations in next 2 years
  • Railways will play a big role in socio-economic development of the country
  • Railways carry a big burden of expectations
  • Investments in railways will have multiplier effect
  • Railways facilities have not improved significantly over last few years
  • The cycle of under-investment should end
  • Railways has to regain in share in freight traffic
  • Railways aims to deliver a sustainable improvement in customer experience and make rail a safer means of travel
  • Objective is to make Railways self-sustainable
  • Rail-cum-road ticket to be extended to many stations
  • We are committed to provide rail connectivity to North Eastern states
  • Transport Logistic Corporation of India to be set up to aid expanding freight handling capacity and provide end-to-end logistic solutions
  • PPP model will help to augment resources and generate more employment
  • 6608 kms of track to be electrified
  • Projects worth R
    s.
     96,182 crore to expand capacity of 9,420 km rail lines
  • CCTVs to be introduced in select trains and suburban trains for women safety
  • Train Protection Warning System, Train Collision Avoidance System
  • Projects for rail connectivity to many ports and mines
  • To monetise assets rather than sell them
  • To set up full-fledged Railway University in FY16
  • R
    s.
    2000 crore for Coastal Connectivity Program; R
    s.
    2500 crore through BOT/Annuity route
  • Drawing up comprehensive policy to tap latent advertising potential
  • Online application for all recruitment process
  • To impart soft skills to our staff we intend to impart regular training 
  • 917 safety work projects to eliminate over 3,000 unmanned crossings in all states
  • PPP cell to be revamped to make it result oriented
  • Railways can't function as business as usual mode
  • To set up infra fund, JV with IRFC for long-term funding

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