Our Analysis Railway budget with Safety as Priority!
Railway Minister Mr. Trivedi announced Railway Budget for FY12-13 today with a clear focus on Safety and Modernization. Passenger fare prices have been marginally increased across the board for the first time in a decade whereas freight rates were already increased with effect from 5th march. On account of the deteriorating financial health of Railways, we have seen decline in various key investment activities like doubling of line and gauge conversion of line. The increase in Freight rates and Passenger fares are well directed to improve the financial strength of Railways. Overall the railway budget is not encouraging for Railway related companies.
1. Marginal increase in passenger fares across the board.
a) Hike of 10 paise per km for third AC passengers.
b) Sleeper class 5 paise per km.
c) First AC hiked by 20 paise per km.
d) Platform ticket hiked to Rs 5.
e) 2 paise per km hike for 2nd class suburban passengers.
f) 2AC passengers to pay 15 paise more per km.
2. The ministry aims to attract 10% of the Rs 20 lakh cr government expects to spend on infrastructure during 12th Plan.
3. 487 approved projects are at various levels of execution.
4. 17 gauge conversion projects will be completed in FY 12-13.
5. Rs 1102 cr for passenger amenities in FY 13 as compared to Rs 762 cr in previous year.
6. Long Term Goals
a) Plan to upgrade 19,000 kms of tracks in 5 years.
b) To spend Rs. 63,212 cr on track modernization in next 5 yrs
c) To create 100 stations through PPP route in 5 years.
d) Total cost of signaling for five years is Rs 39,110 cr.
e) To bring down operating ratio from 95% to 84.9% in FY13 and 74% at the end of 12th Plan.
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