New Delhi, Mar 14: Five focus areas have been identified to strengthen the basic infrastructure of Indian Railways resulting in safety, decongestion, capacity augmentation and modernization of systems, creating more efficient, faster and safer railways.
The areas are Tracks, Bridges, Signaling & Telecommunications, Rolling Stock and Stations & Freight Terminals.
Railway Minister Dinesh Trivedi introducing the Railway Budget for 2012-13 in Parliament today said, these areas have been chosen from the recommendations of Kakodkar and Pitroda Committees. He said, the Annual Plan outlay for the year 2012-13 has been targeted at Rs. 60,100 crore, which is highest ever plan investment.
The plan would be financed through :-
i. Gross Budgetary Support of Rs. 24,000 crore;
ii. Railway Safety Fund of Rs. 2,000 crore;
iii. Internal Resources of Rs. 18,050 crore; and
iv. Extra Budgetary Resources of Rs. 16,050 crore, which includes market borrowing of Rs. 15,000 crore through IRFC.