Having hiked fares to the tune of 14.2 percent recently, Railway Minister Sadananda Gowda who presented the new government's first budget in Lok Sabha said he plans to leverage railway PSU resources by bringing in their investible funds for infrastructure projects.

First bullet train on Mumbai-Ahmedabad route

He announced plans to introduce a bullet train in Mumbai- Ahmedabad sector and setting up of a Diamond Quadrilateral network of high speed rail connecting major metros and growth centres. A sum of Rs 100 crore has been provided for initiating the project.

Increase in speed of trains

Increasing the speed of trains to 160 to 200 kms per hour on nine select sectors was another highlight of the budget, which proposes to allow all experimental stoppages to lapse after September this year.
    
Decline in traffic growth

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The Budget disclosed that traffic growth declined and expenditures went up in 2013-14 as compared to the revised estimates of previous financial year.
    
Gross traffic receipts stood at Rs 1,39,558 crore, short of revised estimates by Rs 942 crore over the previous year. The ordinary working expenses and pension outgo were also higher.
    
The budget estimates for 2014-15 assumes a freight loading 1101 metric tonnes, 51 metric tonnes more than the previous year, growth in passenger traffic at 2 percent and freight earnings at Rs 1,05,770 crore.
    
Passenger earnings will be Rs 44,645 crore after a revenue sacrifice of Rs 610 crore on account of monthly season ticket fares.
    
Total receipts for the current year have been pegged at Rs 1,64,374 crore and expenditure at Rs 1,49,176 crore.

Golden Quadrilateral Network

Disclosing that he needs more than Rs nine lakh crore to completing the Golden Quadrilateral Network and Rs 60,000 crore for introducing one bullet train alone, Gowda told the House, "Can I depend only on hiking fare and freight rates and burden the public to realise these funds? This is unrealistic. I need to explore the alternate means of resource
mobilisation."

RAIL BUDGET 2014-15: HIGHLIGHTS

•    No new increase in passenger fares and freight charges
•    Bullet train on Mumbai-Ahmedabad Sector

•    Diamond quadrilateral for high speed trains
•    Plan to hike speed of trains to 160-200 km/hr in 9 sectors
•    Online booking to support 7,200 tickets/minute; to allow 1.2 lakh users log in simultaneously
•    Reservation system to be revamped, ticket-booking through mobile phones, post offices to be popularized
•    Online platform, unreserved tickets
•    Combo parking-platform tickets at stations
•    Women RPF Constables to escort ladies coaches; 4,000 women constables to be inducted
•    Retiring room facility to be extended to all stations
•    Battery operated cars for differently abled and senior citizens at major stations
•    Feedback services through IVRS on quality of food
•    Food can be ordered through SMS, phone; Food courts at major stations
•    Cleanliness budget up by 40 pc over last year
•    CCTVs to be used at stations for monitoring cleanliness
•    Setting up of corpus fund for stations' upkeep; RO drinking water at stations and trains
•    Automatic door closing in mainline and sub-urban coaches

•    58 new trains and extension of 11; 864 additional EMUs to be introduced in Mumbai over 2 years
•    FDI in railway projects, except in operations
•    FDI, domestic investments in rail infrastructure
•    Office-on-Wheels: Internet & Workstation facilities on select trains
•    Wi-Fi in A-1, A category stations and in select trains
•    Rail university for technical and non-technical subjects
•    Some stations to be developed to international standards through PPP model
•    Parcel traffic to be segregated to separate terminals to make passenger traffic unhindered
•    Loss per passenger per kilometre up from 10p (in 2000-01) to 23p (2012-13)
•    Solar energy to be tapped at major stations
•    Highest ever plan outlay of Rs 65,455 crore for 2014-15
•    Expenditure in 2014-15 pegged at Rs 149,176 crore

FDI in railways

He proposed to launch a scheme to bring in investible surplus funds of railway PSUs in infrastructure projects which can generate attractive returns.
    
Proposing private investment in railways through domestic and FDI, Gowda said growth depends heavily on availability of funds for investment in rail infrastructure.
    
Internal revenue sources and government funding are insufficient to meet the requirement, the Railway Minister said, adding the ministry is seeking Cabinet approval for allowing FDI in rail sector.
    
FDI, however, will be limited to infrastructure development and not allowed in operations, he said.
    
He said the concept of PPP has not been successful in raising substantial resources for railways. "It is my endeavour to pursue this in right earnest. It is our target that bulk of our future projects will be financed through PPP mode, including the high-speed rail, which requires huge investments."
   
Apart from mobilising resources, Gowda said he needed to strategically manage other aspects of planning and administration by adopting a near-holiday approach, setting timelines for ongoing projects, strategic partnership and aggressive indigenisation of imported projects.

The annual plan for 2014-15 has been fixed at the highest ever outlay of Rs 65,445 crore with gross budgetary support at Rs 30,100 crore, Railway Safety Fund Rs 2,200 crore, internal resources Rs 15,350 crore, external market borrowing Rs 11,790 crore and EBR-PPP Rs 6,005 crore.
    
The budget provides higher funds for ongoing projects in North East, including 11 national projects. Rs 5,116 crore earmarked for projects in North East, which is 54 percent higher than the previous year.
    
Udhampur-Katra rail link

While Udhampur-Katra rail link in Jammu and Kashmir has been dedicated to the nation, the focus will now be on completion of the missing link between Banihal and Katra.

    
58 new trains to be introduced this fiscal


18 new line surveys have been announced, which include rail connectivity to 'char dham' -- Kedarnath, Badrinath, etc, and Shimoga-Sringeri-Mangalore.
    
Five Jansadharan trains are being introduced along with five premium trains, six AC express trains and 27 express trains and eight passenger trains.

The premium trains are between Mumbai Central and New Delhi, Shalimar-Chennai, Secundarabad-Hazrat Nizamuddin, Jaipur-Madurai and Kamakhya-Bangalore.
    
Safety for passengers

In order to strengthen security in trains and stations, the budget proposes to recruit 4000 women RPF constables. Already 17000 RPF constables have been recruited and shall be available for deployment shortly.
   
Gowda said safety of passengers is of paramount importance and it is estimated that over Rs 40,000 crore would be needed to be invested in track renewals, elimination of unmanned railway crossings and road overbridges and underbridges.
    
A provision of Rs 1,785 crore has been earmarked for railway overbridges and underbridges.

IT initiatives

Outlining IT initiatives, the minister said the railway reservation system is being revamped to move into next generation E-ticketing system, which will support 7200 tickets per minutes to allow 1,20,000 simultaneous users.
    
Railways will move to paperless offices in five years, provide wi-fi services in A-1 and A category stations and in select trains, real-time tracking of trains and rolling stock, mobile-based wakeup call system for passengers and mobile- based destination arrival alert.

Rail budget focuses on transparency: Modi

The railway budget presented in the Parliament on Tuesday focuses on ‘transparency and integrity’, Prime Minister Narendra Modi said.

Speaking after the budget was placed in the Lok Sabha, Modi said the budget "keeps in mind the development of India. We can see the great use of technology also".

(JPN/Agencies)

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