Railways seek Rs.38,000 crore budgetary support

Railways expect to generate Rs7,000 cr from internal generation and Rs18,000 cr from market borrowing in 2013-14
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First Published: Fri, Feb 01 2013. 11 47 PM IST
Railways plan to invest Rs5 trillion in capacity addition during the 12 Five-Year Plan. Photo: Mint
Railways plan to invest Rs5 trillion in capacity addition during the 12 Five-Year Plan. Photo: Mint
Updated: Sat, Feb 02 2013. 01 16 AM IST
New Delhi: Burdened with increased diesel cost and a large number of pending projects, railways have sought Rs.38,000 crore as general budgetary support from the finance ministry for fiscal 2013-14.
Railways had received Rs.24,000 crore from the finance ministry as support in the current fiscal.
“We have sought Rs.38,000 crore as budgetary support in the 2013-14 rail budget”, said a senior railway ministry official.
Railway minister Pawan Kumar Bansal will present the rail budget on 26 February.
“There are more than 200 rail projects worth Rs.1.47 lakh crore pending and we are planning to complete some of these works in the next fiscal”, the official said.
Besides, railways expect to generate Rs.7,000 crore revenue from internal generation and Rs.18,000 crore from market borrowing next financial year. “Certain pending projects involving laying of new lines as last-mile connectivity are being identified and we want to complete them”, she said.
Railways plan to invest Rs.5 trillion in capacity addition during the 12 Five-Year Plan.
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First Published: Fri, Feb 01 2013. 11 47 PM IST
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