Prabhu outlines four goals for Indian Railways

Image
IANS New Delhi
Last Updated : Feb 26 2015 | 2:00 PM IST

Railway Minister Suresh Prabhu Thursday outlined four goals for improvement in the Indian Railways over the next five years.

The goals are: giving a huge boost to customer experience, ensuring safer travel, modernisation of infrastructure and making Indian Railways financially self-sustainable, the minister said while presenting his maiden budget in the Lok Sabha.

"To deliver a sustained and measurable improvement in customer experience, the Indian Railways is launching initiatives that will systematically address customer concerns about cleanliness, comfort, accessibility, service quality and speed of trains," the minister said.

Prabhu stressed that making rail a safer means of travel was of prime importance to the government".

"To expand Bhartiya Rail's capacity substantially and to modernise infrastructure... Given the importance of rail travel for the citizens, Indian Railways will increase daily passenger-carrying capacity from 21 million to 30 million," he said.

"It will also increase track length by 20 percent from 1,14,000 km to 1,38,000 km, and will grow its annual freight carrying capacity from 1 billion to 1.5 billion tonnes."

Prabhu mentioned during his speech that it is extremely important for Indian Railways to become financially self-sustainable.

"To make Bhartiya Rail financially self-sustainable, the Indian Railways will generate large surpluses from its operations not only to service the debt needed to fund capacity expansion, but also to invest on an ongoing basis to replace its depreciating assets," he said.

Further, he added: "This will require material improvement in operating efficiency, tighter control over costs, greater discipline over project selection and execution, and a significant boost to Railways' revenue generating capacity."

The minister said these goals will also ensure that Railways is an integral part of all the flagship programmes that Prime Minister Narendra Modi has launched for improving the quality of life of the downtrodden, from 'Swachh Bharat' to 'Make in India', and from 'Digital India' to 'Skill India'.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 26 2015 | 1:54 PM IST

Next Story