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| Railways plans to invest Rs 40,745 cr this fiscal | |
| Press Trust of India / New Delhi July 3, 2009, 15:17 IST | |
The Indian Railways, one of the largest profit-making industries in the county, proposes to invest Rs 40,745 crore in the current fiscal, up from Rs 36,773 crore in the previous financial year.
Out of this investment, it would pump in Rs 12,393 crore on railway research, while road safety works (road over and under bridges) would get Rs 5,135 crore, Railway Budget for 2009-10 revealed.
The railways also proposes to invest Rs 1,906 crore on gauge conversion and would inject Rs 1,797 crore on machinery and plants.
For restoration of dismantled lines, the budget, presented by Railway Minister Mamta Banerjee, proposes to invest Rs 2,054 crore. Another Rs 2,921.70 crore would be invested for building new lines.
The railways also earmarks Rs 1,526 crore for amenities of its staff and passengers.
It would also pump in Rs 4,247.28 crore on locomotives and Rs 3,616.61 crore on the carriages.
For the current fiscal, the railways expects revenue to the tune of Rs 8,121 crore, against Rs 11,066 crore in the previous fiscal, with total expenditure amounting to Rs 82,504 crore and total receipts at Rs 90,626 crore.
Of Rs 90,626 crore receipts the Railways is expecting, Rs 88,419 crore would come from freight charges and passengers fares, while Rs 2,207.22 crore would be the miscellaneous income, which include subsidy from general revenues towards dividend relief and other concessions.
On the expenditure side, the Railways proposes to spent Rs 62,900 crore on net ordinary working expenses, while Rs 13,440 crore would be spent on the pension fund.
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