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Tuesday 23 February 2016

Railway Budget expected to unveil massive capacity enhancement

Railway Budget expected to unveil massive capacity enhancementThe Railway Budget is expected to focus on massive capacity creation in the rail sector with an increased outlay of about Rs 1.25 lakh crore. A significant amount will be earmarked for safety upgradation, electrification, doubling and modernisation of yards to clear traffic bottlenecks, sources in the railways said. However, Railway Minister Suresh Prabhu will have to depend mostly on the External Budgetary Resources (EBR) for execution of the capacity augmentation projects and he will give details of his resource mobilisation plan in the Rail Budget 2016-17.


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