New Delhi: A high-level railway safety review committee here on Friday suggested Rs one lakh crore investment in five years and setting up of a railway safety authority as an independent body for improving the deteriorating condition of Indian Railways.

The committee headed by former Atomic Energy Commission Chairman Anil Kakodkar submitted its reports to Railway Minister highlighting poor health of the sector.

Addressing a press conference, Kakodkar said the review reports from different railway zones including  suggestions received from the employees clearly indicates that the rail infrastructure is totally in shambles.

Demanding additional monetary assistance from the centre, the committee proposed a revenue model to implement its suggestions. It has sought Rs 5000 crore as safety cess on passengers on the annual basis for the next five years and a matching grant from Centre, deferment of dividend of Rs 5000 crore due, road cess of Rs 1000 crore, and an income of Rs 4000 crore from Rail Land Development Authority earnings.

The committee has suggested setting up of a railway safety authority as an independent body and bringing Commissioner Railway Safety, presently under Civil Aviation Ministry, under its ambit.

It has recommended for maintenance of safety related infrastructure at an estimated cost of Rs 20,000 crore and new LHB coaches to enhance passenger safety at a cost of Rs 10,000 crore over the next five years.

The committee in its report has suggested setting up of new research units - Railway Research and Development Council, Railway Research Centres and Advance Research Institute to carry out safety-related practice worldwide and recommending suitable upgradation measures for Indian Railways.

More so, it has advocated for Special Purpose Vehicle (SPV) to implement advance signalling system on a 19,000 km trunk route.