Indian Railway Budget 2017 – 18 Key Features, Highlights, New Trains List
March 5, 2018
Railway Budget 2017 – 18 Key Features, Highlights, New Trains List:
Every year the Annual Financial Statement of Indian Railways that is the Railway Budget of India will be presented by the Minister of Railways in the Parliament just few days before the presentation of Union Budget of India.
Indian Railways on Thursday got boost from finance minister Arun Jaitley. Announcing the Union Budget 2018, finance minister Arun Jaitley announced a capital expenditure of Rs 1.48 lakh crore for the Indian Railways
Over Rs 1.48 lakh crore to be allocated for railways in next fiscal,” Jaitley said.
He proposed a target of doubling 18,000 km of lines and said gauge conversion is underway to eliminate capacity constraints.
The minister said 36,000 km of rail track renewal has been targeted in the coming year while 4,267 unmanned railway crossings on broad gauge routes are to be eliminated in the next two years.
The Highlights and Key Features of Rail Budget 2018 – 19 includes the announcement of 600 stations have been earmarked for modernization by the railways. The focus will also be on a suburban rail network in Mumbai and Bangalore.
Laying out a road map for the Indian Railways, Jaitley said the focus would be on modernization of signalling, use of fog safety devices, better passenger amenities and safety in the coming year..