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Rediff.com  » Business » Largest ever plan outlay for Railways

Largest ever plan outlay for Railways

Source: PTI
February 24, 2006 13:57 IST
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The annual plan outlay of Rs 23,475 crore (Rs 234.75 billion) for the Railways in 2006-07 would be the largest ever.

Of this, Rs 10,794 crore (Rs 107.94 billion) would be met through internally generated resources while Rs 7,511 crore (Rs 75.11 billion) would come as support from the general exchequer.

As much as Rs 5,170 crore (Rs 51.70 billion) would be raised through extra-budgetary resources, including Rs 4,170 crore (Rs 41.70 billion) through market borrowing by Indian Railway Finance Corporation and Rs 500 crore (Rs 5 billion) each raised by Wagon Investment Scheme and Rail Vikas Nigam Limited.

The Railway Budget 2006-07

The thrust of the Annual Plan would be on early completion of throughput enhancement works, safety, development and expansion of the network.

The total outlay of Special Railway Safety Fund would be Rs 2240 crore (Rs 22.40 billion) while the outlay for road related safety works would be Rs 711 crore (Rs 7.11 billion).

The outlay on safety related plan heads was Rs 2,992 crore (Rs 29.92 billion)  for track renewals, Rs 590 crore (Rs 5.9 billion) for bridges and Rs 1518 crore (Rs 15.18 billion) for signalling and telecommunications, Rs 436 crore (Rs 4.36 billion) for construction of rail overbridges and underbridges and Rs 275 crore (Rs 2.75 billion) for manning of level crossings.

For national projects, need-based funds would be released by the Finance Ministry during the course of the year and a fund of Rs 2,092 crore (Rs 20.92 billion) has been sought by the Railways.

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