Highlights of Union Budget 2017-18 For Airports and Transportation Sector


Highlights of Union Budget 2017-18 For Airports and Transportation Sector

Team DefenceAviationPost

Union finance minister Arun Jaitley while presented his budget proposals for 2017-18 on Wednesday made the following key points related to the Airport and Transportation Sector. including the Railways.

Some Key Highlights:

Airports/Aviation/Railways

·         Selected airports in Tier 2 cities will be taken for Public-Private Partnership: FM

·         Service charges on e-tickets booked through IRCTC will be withdrawn: FM

·         By 2019, all coaches of Indian Railways will be fitted with bio-toilets, and Railways will integrate end to end transport solutions for selected commodities through partnership: Arun Jaitley

·         A new metro rail policy will be announced. This will also open up new jobs for our youth: Arun Jaitley

·         500 stations to be made differently abled-friendly: FM

·         Dedicated trains will be launched for tourism and pilgrimage

·         Rail Raksha Fund to be created with corpus of 1 lakh crore over 5 years, said the Finance Minister

·         Total capital for rail budget has been pegged at 1,37,000 crores, said Arun Jaitley

  • Airports Authority of India Act To Be Amended To Enable Monetisation Of Land

·

Railways Pointers (Source Economic Times)

For financial year 2017-18, the total capital and development expenditure of Railways has been pegged at Rs. 1,31,000 crore. This includes Rs. 55,000 crore provided by the government. Budget 2017 proposes several measures to imporve services, infrastructure and amenities.

Below are 12 measures for the railways in Budget 2017:

1. For passenger safety, a Rashtriya Rail Sanraksha Kosh will be created with a corpus of Rs. 1 lakh crore over a period of five years.

READ  Power plants may not get natural gas on priority basis

2. Unmanned level crossings on broad gauge lines will be eliminated by 2020.

3. In the next three years, the throughput is proposed to be enhanced by 10%. This will be done through modernisation and upgradation of identified corridors.

4. Railway lines of 3,500 kms will be commissioned in 2017-18. During 2017-18, at least 25 stations are expected to be awarded for station redevelopment.

5. 500 stations will be made differently-abled-friendly by providing lifts and escalators.

6. It is proposed to feed about 7,000 stations with solar power in the medium term.

7. SMS-based Clean My Coach Service has been started.

8. ‘Coach Mitra’, a single-window interface to register all coach-related complaints and requirements, will be launched.

9. By 2019, all coaches of Indian Railways will be fitted with bio-toilets.

10. Tariffs of railways would be fixed, taking into consideration costs, quality of service and competition from other forms of transport.

11. A new Metro Rail Policy will be announced with focus on innovative models of implementation and financing, as well as standardisation and
indigenisation of hardware and software.

12. A new Metro Rail Act will be enacted by rationalising the existing laws.

Leave a Reply

Your email address will not be published.