Railway Budget Highlights 2016-2017

Railway minister Mr. Suresh Prabhu announced Rail Budget 2016. 
    1. Railways to get Rs 40,000 crore budgetary support from the government
    2. Rs 8.5 lakh crore to be spent over 5 years for modernization of railway infrastructure
    3. Railway electrification increased by 50%; 2,000km route to be electrified next fiscal
    4. Completely paperless contract system in 2016-17
    5. WiFi in 100 stations this year and 400 other stations next year
    6. To have CCTV surveillance at all stations, 300 major stations covered this year
Enhanced capacity of e-ticketing system – from 2000 tickets a minute to 7200 a minute
  • 44 new projects valued at Rs 92,714 crore to be implemented this year
  • 2 locomotive factories at the cost of Rs 40,000 crore to be set up
  • 400 stations to be re-developed through PPP
  • Overnight double-decker train Uday Express to be introduced on busiest routes, carrying capacity to be increased 40% more
  • Lower berth quota for senior citizens to be increased by 50%
  • Will introduce sub-quota of 33% for women in each of the reserved categories in catering
  • 17,000 additional bio-toilets to be provided by the end of current fiscal
  • 2,800km of broad gauge track conversion envisaged
  • 7km of broad gauge lines to be commissioned every day during 2016-17
  • Three direct services, fully air-conditioned Humsafar, to travel at 130km per hour
  • To introduce 20,000 screen rail display network for passing info to passengers and huge advertising potential
  • 17 states agree to form JVs with Indian Railways for construction of rail-over-bridges
  • Direct procurement of diesel to help save Rs 1,500 crore in 2016-17
  • LIC to fund Rs 1.5 lakh crore over five years on favourable terms
  • Rs 50 crore to be provided for startups by railway employees
  • Commission 2,800km of new tracks in next year, almost 30% higher than last year

 

 

 

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