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Highlights…

The general Highlights of the railway budget presented by Mr.Lalu Prasad Yadav on 26th February are as follows:-

• AC I class fares reduced by 7%

• AC II class fares reduced by 4%

• Re1 discount on fares up to Rs 50 in non-suburban II class

• 5% discount on 2nd class fares in Mail/Exp.

• 2% cut in fares of new – look sleeper class

Railway Budget

• 5% cut in freight rate for petrol and diesel

• 14% reduction in freight rate for fly ash

• 6% freight concession on traffic to North – East states

• Special train for Commonwealth Youth Games

• Mumbai Suburban to get 300 more services…

• Termination of queues at ticket counters targeted in two years

Mr. Laallu Prasad Yadav Presenting the Budget

Annual plan stands at Rs 37500 Crore

• New lines to cost Rs 1730 cr

• New gauge conversion cost at Rs 2489 cr

• Electrification cost Rs 626 cr

• Outlay for amenities at Rs 852 cr

• Revenues from freight Rs 21682 crore, passenger Rs 2420 cr

Railway Minister

• Public private partnership (PPP) mulled for attracting investment

• Rs 100000 cr worth PPP projects in next 5 years

• Earnings from coaching and sundry Rs 5000 cr.

• PPP projects include developing world-class stations, multi-modal logistics parks and running container trains etc.

Apart from all these in passenger services also, it was announced about the introduction of 10 new garib Raths (poor man’s air-conditioned trains), 53 pairs of new trains, extension of 16 pairs of trains and increase in frequency of 11 pairs.

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