Railway Budget 2016: Highlights

Union Railways Minister Suresh Prabhu on Thursday presented his second Railway Budget in Parliament.

Here are some of the key points:

  • Three pillars of change: New source of revenues, new norms and new structures
  • Operating ratio in 2016-17 92 percent (90 percent in 2015-16)
  • Capital Expenditure in 2016-17 at Rs 1.21 lakh crore
  • Savings through efficient operation in 2015-16 at Rs 8,720 crore
  • LIC will invest Rs 1.5 lakh crore over next five years
  • 2,500 km of broad guage line will be commissioned in 2016-17
  • All civil engineering contracts for dedicated freight corridor will be released soon
  • 2000 km of lines will be electrified in 2016-17
  • Two locomotive factories to be set up at a cost of Rs 40,000 crore
  • Gross budgetary support in 2016-17 at Rs 40,000 crore
  • Gross freight earning in 2016-17 estimated at Rs 1.8 lakh crore
  • New deluxe trains announced to ensure better cost recovery
  • 400 stations will be upgraded through PPP route
  • Contracts worth Rs 24,000 crore issued since November 2014 as against Rs 13,000 crore in the earlier six years
  • Annualised savings in 2016-17 estimated at Rs 3000 crore
  • Two elevated suburban corridors planned for Mumbai
  • Plans afoot to increase share of non-tariff revenue from present 5 levels through monetizing physical and soft railway assets
  • National High Speed Rail Corporation will be floated soon
  • National Rail Plan will be announced to ensure synergy in seamless multimodal transport system across the country

attachmentRail Budget 2016-17 Reforms Explained

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