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Rail Budget: Annual Plan put at highest ever Rs 60,100 crore
The Annual Plan for Railway for 2012-13 is put at highest ever Rs 60,100 crore (Rs 601 billion).
Union Railway Minister Dinesh Trivedi said this while presenting the Railway Budget in the Parliament on Wednesday.
Five focus areas have been identified to strengthen the basic infrastructure of Indian Railways resulting in safety, decongestion, capacity augmentation and modernisation of systems, creating more efficient, faster and safer railways.
The areas are tracks, bridges, signalling and telecommunications, rolling stock and stations and freight terminals.
These areas have been chosen from the recommendations of Kakodkar and Pitroda Committees, Trivedi said.
Source: PIB
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Union Budget 2012-13: Complete coverageRail Budget: Annual Plan put at highest ever Rs 60,100 crore
He said, the Annual Plan would be financed through:
- Gross Budgetary Support of Rs. 24,000 crore (Rs 240 billion);
- Railway Safety Fund of Rs. 2,000 crore (Rs 20 billion);
- Internal Resources of Rs. 18,050 crore (Rs 180.5 billion); and
- Extra Budgetary Resources of Rs. 16,050 crore (Rs 160.5 billion), which includes market borrowing of Rs. 15,000 crore (Rs 150 billion) through IRFC.