Odisha to demand Rs 5,000 crore allocation in railway budget

Image
Press Trust of India Bhubaneswar
Last Updated : Jan 04 2016 | 7:22 PM IST
Seeking an allocation of Rs 5,000 crore for the development of railway network, the Odisha Assembly's House Committee is all set to meet Union Railways Minister Suresh Prabhu on January 6 and place the state's demands ahead of the Railways Budget, 2016-17.
The Committee on Railways headed by Speaker Niranjan Pujari will meet Prabhu on Wednesday and demand Rs 5,000 crore allocation for the state, an official said.
The House Committee's visit to the national capital is coming a month after a BJD MPs delegation meeting Suresh Prabhu over budget allocation to Odisha.
While a demand of Rs 1,050 crore will be made for ongoing rail projects in the state, Rs 2,270 crore and Rs 335 crore will be proposed for double line and electrification works respectively, sources said adding the committee also wants Rs 200 crore for setting up of special purpose vehicle (SPV) for rail projects for coal evacuation and umbrella SPV for general rail projects in the state.
The delegation, which also want to meet Prime Minister Narendra Modi to discuss the matter, is yet to receive a confirmation from the PMO, they said.
Earlier on December 2, Chief Minister Naveen Patnaik had written to Prime Minister Narendra Modi and Railway Minister Suresh Prabhu asking for a Rs 5,000-crore package for the state.
The chief minister in his letters to the Centre pointed out that though the state generated revenue worth over Rs 14,000 crore for Railways during 2014-15, the railway route length and rail density in the state are well below the national average and substantially lower compared to the neighbouring states.
In the 2015-16 railway budget, Odisha had received an allocation of Rs 2,514.07 crore against its demand for Rs 3,200 crore. The allocation for the state in the rail budget was 77.04 per cent higher than the Rs 1,420 crore the state received in 2014-15.
*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: Jan 04 2016 | 7:22 PM IST

Next Story