railway capital expenditure
Railways Minister Piyush Goyal is learnt
to have fixed a target of around 20 per cent reduction in the transporter’s
working expenses in 2018-19 to achieve better financial health by the end of
the next fiscal. In a bid to put the flagging revenues of the national
transporter back on track, Finance Minister Arun Jaitley on Thursday announced a capital
expenditure allocation of Rs 1.48 crore for the railways, the highest ever.
However, as per expected lines, no major new trains were announced and the
focus was more on modernisation and passenger safety. The 92-year-old practice
of a separate Railway budget was discontinued last year and was merged with the
Union Budget.
The Finance Minister said
redevelopment of 600 major railway stations had been taken up. All railways
stations with more than 25,000 footfall would have escalators and CCTVs and
Wi-Fi facilities would also be set up. Moreover, a specialised railway
university will come up at Vadodara, which will serve as the training centre
for manpower required for high-speed railway projects.
railway projects:
Confusion in Railway ministry as Budget
speech pegs capex at Rs 1.48 lakh crore, while the railways was given to
understand it was Rs 1.46 lakh crore. Officials looking into it.
Rs 4,253 crore has been allocated for
Pune-Lonavala 3rd and 4th railway line.
Focus will be on safety, maintenance of
railway tracks, increase in use of technology and fog safety devices, says
Jaitley.
Mumbai transport system is being
expanded; suburban network of 160 km planned for Bengaluru.
Foundation stone of the bullet train was
laid in September 2017. An institute is coming up in Vadodara to train the
manpower required for the high speed railway projects, says FM Jaitley.
For Indian Railways, the government allocates
capital expenditure of Rs 1,48,528 crore for 2018-19, announces Jaitley, the
highest ever.
Optimal electrification of the railway
network to be focus of the government.
12,000 wagons, 5160 coaches and 700
locomotives are being procured. There is significant achievements of physical
targets by Railways, says Arun Jaitley
Redevelopment of 600 major railway
stations has been taken up. All railways stations with more than 25,000
footfall to have escalators. All railways stations and trains to have Wi-Fi and
CCTVs progressively
Enhancing carrying capacity of
railways and focus on safety will be priority of the government
Finance Minister Arun Jaitley
says the government would set up a specialised railway university in Vadodara.
A government report tabled in Lok Sabha
last month said that more than 35 train accidents were reported last year. The
report said 29 rail accidents occurred in the first six months killing 58
people.
union budget highlights :
http://news99pc.blogspot.in/2018/02/union-budget-2018-key-highlights-news99pc.blogspot.com-budget-2018-updates.html
sailent features of finance bill :
http://news99pc.blogspot.in/2018/02/salient-features-of-finance-bill-2018-NEWS99PC.BLOGSPOTCOM.html
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