Chandigarh: Ahead of the Railway Budget for 2012-13, Union Railway Minister Dinesh Trivedi on Sunday hinted at rail fare hike to generate funds and kick-start the long pending modernisation projects of the Indian Railways.

“We need to modernize the Indian Railways system. We have enough infrastructures but the security in operating the system is a big concern for us,” Trivedi told mediapersons in Chandigarh.

When asked about the steps being taken by the Ministry to ensure stress and accident free journey, he said, “Railways is facing financial problem and many of its projects are being held up due to the problem.”

He, however, chose to restrain from making any direct comment on fare raise stating that he is hopeful of adequate financial help from the government for the modernisation of the national transport. He was also quick to add that the Ministry will not wait for generating funds even if he has to take any unpopular decision.

Trivedi also made it clear that each section will be given importance in the budget.

He also sought for a report from the concerned railway division officials about the operations of Duronto trains between Amritsar-Chandigarh.

The Budget Session of the Parliament will begin on March 12. While the Rail budget will be presented on March 14, the Economic survey will be tabled on March 15, a day ahead of the Union Budget.

This was his first visit to Ambala division after assuming the office.