HIGHLIGHTS OF THE RAILWAY BUDGET 2012-13

HIGHLIGHTS OF THE RAILWAY BUDGET 2012-13

Focus and Long Term Goals

1. Safety; 2. Consolidation; 3. Decongestion & Capacity Augmentation; 4. Modernisation; 5. Improve Operating Ratio from 95% to 74% in terminal year of 12^th Five Year Plan.

Measures proposed

■      Setting up of a Railway Safety Authority as a statutory regulatory body as recommended by Kakodkar Committee;

■      Creating Missions as recommended by Pitroda Committee to implement the modernization programme

■      Aligning the Annual Plan investment with five focus areas identified by Kakodkar and Pitroda Committees i.e. (a) Track (b) Bridges (c) Signalling & Telecommunication (d) Rolling Stock and (e) Stations & Freight Terminals.

     ■      New Board Member (Safety/Research) to be inducted.

■      Rail-Road Grade Separation Corporation to be set up to eliminate level crossings.

■      Plan allocation to priority works so as to reap benefits after completion in a time bound manner

■      Three 'Safety Villages' to be set up at Bengaluru, Kharagpur and Lucknow for skill development for disaster management;

Resource Mobilization

■      Indian Railway Station Development Corporation to be set up to redevelop stations through PPP mode;

■      Logistics Corporation to be set up for development & management of existing railway goods sheds and multi-modal logistics parks.

■      Private investment schemes for Wagon leasing, Sidings, Private Freight Terminals, Container train operations, Rail connectivity projects (R3i and R2C-i) being made more attractive to PPP partners.

     ■      New Board Member (PPP/Marketing) to be inducted

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