Railway minister Suresh Prabhu presents Rail Budget 2016

Railway minister Suresh Prabhu presents Rail Budget 2016

Rail Budget 2016: Major pointers In a nutshell

Our mission is to ensure 100% transparency. Social media is also being used as a tool to bring transparency: says Railway minister Suresh Prabhu

More dedicated freight corridors to accommodate the increased demand in freight transport: says Railway minister Suresh Prabhu

Port connectivity and North East connectivity will be priority in this budget. Mizoram and Manipur to be brought under broad gauge soon: Suresh Prabhu

I’m happy to announce that action has been initiated on 139 budget announcements made last year

Rs. 8.5 lakh crore to be spent over 5 years for modernization of railway infrastructure: Suresh Prabhu

1,600 km of electrification this year and 2,000 km in the next year are proposed, says Railway Minister

Railways will be at the forefront of infrastructure development in India: Railway Minister

Indian railways is also looking forward to setting up a fund with multilateral assistance for financing railway projects: Prabhu

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LIC has agreed to invest ARs 1.5 lakh crore over five years on extremely favourable terms: Suresh Prabhu

We have introduced new way of funding our projects through institutional financing: Prabhu

Bankable railway projects are now assured of funding and should be completed in the next 3-4 years
Poised to commission 7 km of broad gauge lines in this year against an average of 4.3 km: Suresh Prabhu
We will be surpassing the ambitious target of commissioning 2500 km of broad gauge lines: Suresh Prabhu

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We hope to generate revenues to the order of Rs 1,84,820 crores: Prabhu

Co-operation, collaboration and communication, are the hallmarks of Indian Railways’s journey forward: Suresh Prabhu

For year 2016-17 we expect the operating ratio of 92%: Suresh Prabhu

Rail Budget 2016 is a story of transformation. We need to reorganise & rejuvenate the Indian Railways: Suresh Prabhu

Our core objective is to become an engine of employment generation & economic growth at national level: Railway minister
This is not my budget alone, it is a budget that reflects the aspirations of the common citizens of India: Suresh Prabhu

Some more highlights:

Intend to commission Wi-Fi in 100 stations this year and 400 other stations next year. We are partnering with Google for this purpose, Suresh Prabhu informed the Lok Sabha

World’s first bio-vaccum toilets were developed by us and this is being used on the Dibrugarh Rajdhani Express: Suresh Prabhu

Have introduced 1,780 automatic ticket vending machine, mobile apps, & GOIndia smart card for cashless purchase of UTS and PRS tickets

Increased quota of lower berths for senior citizens and women passengers: Railway Minister Suresh Prabhu

We will improve our performance yardsticks and procurement norms to bring them in line with international best practices: Suresh Prabhu

Our mission is to ensure 100% transparency. Social media is also being used as a tool to bring transparency

Today there is no barrier between the common passengers and the Railways

The common people have always been the focus of all our initiatives: Railway Minister Suresh Prabhu

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Some more highlights guys

We will introduce bar-coded tickets

Passengers can demand cleaning of a toilet based on a SMS

Will introduce ‘Antyodaya’ Express, a long-distance, unreserved, super-fast train service for the common man to be operated on dense routes
All stations will be brought under CCTV surveillance: Suresh Prabhu

Broad gauge line building target at 7 km/day: Suresh Prabhu

We hope to generate revenue to the order of Rs 1,84,820 crores: Suresh Prabhu

Broad gauge line building target at 7 km/day. This is not only a moment for evolution of new idea but also an examination of last year’s momentum: Suresh Prabhu

Cabinet approved joint ventures with State govts and 17 consented. 6 MoUs have been signed with state govts: Suresh Prabhu

A single accident or loss of a single life causes me great sorrow and anguish: Suresh Prabhu

Walls of many stations have been converted to murals, also contributing to social awareness: Suresh Prabhu

This is not only a moment for evolution of new idea but also an examination of last year’s momentum. We hope to generate revenue to the order of Rs 1,84,820 crores: Suresh Prabhu