Highlights of Railway budget 2011-12
By ANIFriday, February 25, 2011
NEW DELHI - Railway Minister Mamata Banerjee on Friday presented the railway budget in the Parliament.
The highlights of the Railway budget 2011-12 are as follows:
First coach from the new rail factory at Rae Bareli to roll out in next three months
Track-machine industry to be set up in Uluberia in West Bengal
A 700 MW gas based power plant to be set up at Thakurli in Maharashtra
Proposal to set up metro coach factory near Singur in West Bengal
Railways to set up a bridge factory in Jammu and Kashmir considering need for large number of bridges on railway projects in the state
Tax-free bonds for 100 billion rupees to be issued by IRFC in 2011/12
Greater thrust on new lines next year
Additional Rs 10,000 crore will be raised through tax free bonds
Propose to set up new railway lines in difficult, underpriviledged areas
Setting up funds for social sector projects
New 700 km rail track to be laid down
Number of trains increased from 16100 last year to 18000 this year
Three more railway zones to have anti-collusion device. This will further reduce the rail accident
Propose to remove all un-manned crossings across the country.
Anti-collision devices to be commissioned in three railway zones including South and South Central soon.
Track-machine industry to be set up in Uluberia in West Bengal.
Rail accident rate declines from 0.29 per cent last year to 0.17 per cent now.
Special incentives for states that run trouble-free railways
Multi-purpose smart card for passengers on travelling long distance to be introduced (ANI)
