2013, Railway Budget, Main Points:
-- Following China, Russia and US Indian railways too is set to enter the 1 billion ton freight club
-- Railway is planning 75 MW wind power generation
-- Investments to the tune of Rs.9000 crore expected which includes Rs 3,800 crore in port connectivity and Rs 800 crore in iron ore mines connectivity.
-- Railways will transport 1 bn tonnes in freight, up 38 million tones of freight in FY13 compared to past year
-- No passenger fare hike
-- Indian Railways would set up Debt Service Fund
-- 5% average increase in freight rates
--BSE Sensex down by 200 points
--Diesel price deregulation and jump in electricity tariff to be a burden of Rs 5,100 crore in 2013-14
--The initiatives taken to become a major heavy-haul carrier include running of long-haul trains which has enabled Indian Railways to join another select club of Railways, which run freight trains of more than 10,000 tonnes load.
--As a part of this initiative, 49 long loops, that could hold 1.5 km long trains, have been sanctioned this year, besides large scale induction of Distributed Power Systems to mitigate capacity constraints and improve wagon utilisation.
--Land acquisition for nearly 2,800 km of the eastern and western freight corridors is almost complete.
--The first major civil construction contract on the 343 km Kanpur-Khurja section of the eastern corridor has already been awarded and by the end of 2013-14, construction contract to cover up to 1,500 km on the two corridors would be awarded and the work started.
--Preliminary Engineering-cum-Traffic Studies (PETS) have been taken up on four future Dedicated Freight Corridors.
--The recently revamped participative policy enabling partnership with ports, large mines, industry and investors addresses the specific concerns of private investors. The models seek to create a win-win situation by ensuring payback of investment mainly through freight apportionment. An investment of up to Rs 9,000 crore is expected under these projects including Rs 3,800 crore for port connectivity projects, Rs 4,000 crore for coal mine connectivity and Rs 800 crore for iron ore mines connectivity improvements.
--Railways have been annually disposing of scrap which not only generates revenue but also helps in de-cluttering the work space. The minister intends to institute a special drive during the year to take up disposal of scrap lying in stores depots, workshops, along the tracks and at construction sites. A target of Rs 4,500 crore has been set for 2013-14.
-- Following China, Russia and US Indian railways too is set to enter the 1 billion ton freight club
-- Railway is planning 75 MW wind power generation
-- Investments to the tune of Rs.9000 crore expected which includes Rs 3,800 crore in port connectivity and Rs 800 crore in iron ore mines connectivity.
-- Railways will transport 1 bn tonnes in freight, up 38 million tones of freight in FY13 compared to past year
-- No passenger fare hike
-- Indian Railways would set up Debt Service Fund
-- 5% average increase in freight rates
--BSE Sensex down by 200 points
--Diesel price deregulation and jump in electricity tariff to be a burden of Rs 5,100 crore in 2013-14
--The initiatives taken to become a major heavy-haul carrier include running of long-haul trains which has enabled Indian Railways to join another select club of Railways, which run freight trains of more than 10,000 tonnes load.
--As a part of this initiative, 49 long loops, that could hold 1.5 km long trains, have been sanctioned this year, besides large scale induction of Distributed Power Systems to mitigate capacity constraints and improve wagon utilisation.
--Land acquisition for nearly 2,800 km of the eastern and western freight corridors is almost complete.
--The first major civil construction contract on the 343 km Kanpur-Khurja section of the eastern corridor has already been awarded and by the end of 2013-14, construction contract to cover up to 1,500 km on the two corridors would be awarded and the work started.
--Preliminary Engineering-cum-Traffic Studies (PETS) have been taken up on four future Dedicated Freight Corridors.
--The recently revamped participative policy enabling partnership with ports, large mines, industry and investors addresses the specific concerns of private investors. The models seek to create a win-win situation by ensuring payback of investment mainly through freight apportionment. An investment of up to Rs 9,000 crore is expected under these projects including Rs 3,800 crore for port connectivity projects, Rs 4,000 crore for coal mine connectivity and Rs 800 crore for iron ore mines connectivity improvements.
--Railways have been annually disposing of scrap which not only generates revenue but also helps in de-cluttering the work space. The minister intends to institute a special drive during the year to take up disposal of scrap lying in stores depots, workshops, along the tracks and at construction sites. A target of Rs 4,500 crore has been set for 2013-14.
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