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0102-02-2018
Bhubaneswar
New Railways in New India Budget

New India Budget to transform Railways into a modern, safe, green, affordable and comfortable mode of transport

Drastically scaling up investments by almost three times to Rs 1,48,528 cr. in 2018-19 (BE) as against Rs 53,989 cr. in 2013-14

Highest priority to safety - total expenditure planned o­n safety activities including is Rs. 73,065 in 2018-19 (BE)

Railways to electrify the entire network

600 Stations are to be developed with world class facilities. Escalators to be provided at all stations with passenger footfall above 25,000. Stations and trains will be provided with wi-fi facility for information and entertainment; CCTV cameras across all stations and trains for security

Improved suburban services to Mumbai with 90 kms line doubling of around Rs. 11,000 cr & 150 kms additional lines worth Rs. 40,000 cr for enhancing transportation in Mumbai with expansion of suburban railway system

160 kms suburban network worth Rs. 17,000 cr in Bengaluruto help reduce congestion there and save commuting time of passengers

Rail University at Vadodara to be set up

Operating ratio of 2018-19 (BE) is estimated at 92.8% as against 96% in 2017-18 (RE)

Total Revenue receipts in 2018-19 (BE) are estimated to increase by 7% to Rs. 2,01,090 cr.

Total Revenue expenditure in 2018-19 BE is estimated to increase by 4% to Rs. 1,88,100 cr.

Hon’ble Finance Minister, Shri Arun Jaitley, in his budget speech for 2018-19 has laid out a roadmap for Indian Railways, which is in line with Hon’ble Prime Minister Shri Narendra Modi’s vision of New India by 2022. In the past four years, Government has taken several decisions totransform Railways into a modern, safe, green, affordable and comfortable mode of transport.

To reduce accumulated backlog in capacity creation, Governmentis drastically scaling up investments by almost three times to Rs 1,46,500 cr. in 2018-19 as against Rs 53,989 cr. in 2013-14. This is 22%higher than 2017-18 (RE), and includes budgetary support of Rs. 53,060 cr; internal resources of Rs. 11,500 cr; IRFC to raise Rs. 28,500 cr; Institutional Finance (LIC) to support with Rs. 26,440 cr; and investment through PPP of Rs. 27,000 cr.

Government has provided Rs.19,408 Cr towards re imbursement of losses o­n operation of strategic lines and Rs 88 Cr towards reimbursement of operational cost of e ticketing to IRCTC.

Physical Achievements and Initiatives

Government has accordedhighest priority to safetyin line with its philosophy of every life is precious. The total expenditure planned o­n safety activities including Rashtriya Rail Sanraksha Kosh (RRSK) is Rs. 68,725 cr in RE 2017-18 and Rs. 73,065 cr in BE 2018-19. The RRSK will comprise Rs. 5,000 cr from Capital (Budgetary Support), Rs. 10,000 cr from Railway Safety Fund received as Railways’ share from Central Road fund & Rs. 5,000 cr from Railways’ revenue. Apart from elimination of Unmanned Level Crossings o­n all busy routes and shift to production of safer LHB coaches, there is focus o­n track renewal with the highest ever outlay ever.

Track renewal works

RE 2017-18

BE 2018-19

Increase %

Target (Route Kms)

3,600

3,900

8.3%

Outlay (Rs. in cr)

9,305

11,450

23.0%

Today, railways is powering India by being the main transporter of coal. Soon the power sector will give added energy torailways, which will electrify the entire network within the next 5 years. This will lead to to an estimated saving of Rs. 10,000 cr per annum, help in reducing carbon emissions and promote sustainable development, besides increasing India’s energy security by saving foreign exchange o­n imported fuels

600 Stations are to be developed with world class facilities. Escalators to be provided at all stations with passenger footfall above 25,000.Allrailway stations and trains will be provided with wi-fi facilityfor information and entertainment. This will also enable people in rural areas, including women and youth, to access the internet and enhance their knowledge and skills. To enhancesafety and security of passengers, Indian Railways will set up CCTV camerasacross all stations and trains to enhance security.

Railways is o­ne of the safest, economical and sustainable modes of transport. Accordingly, Railways will focus o­n providingimproved suburban services to metros like Mumbaiwith90 kms line doubling of around Rs. 11,000 cr. In addition, 150 kilometers of additional suburban network is being planned Rs. 40,000 crore for enhancing transportation in Mumbai with expansion of suburban railway system.Railways will also build 160 kms suburban network worth Rs. 17,000 cr in Bengaluruto help reduce congestion there and save commuting time of passengers.

Government has also approved the setup of India’s firstRail and Transportation University in Vadodara, Gujarat.

Railways has massively increased targets in capacity buildingto ease the network and ensure highest standards of safety, speed and service for customers.

2017-18 (RE)

2018-19 (BE)

Increase %

New lines (RKMs)

402

1,000

148.8%

Gauge conversion (RKMs)

574

1,000

74.2%

Doubling (RKMs)

945

2,100

122.0%

Locos Electric

352

573

62.8%

Coaches

4,659 (160 for non-rail customers)

5,160 (350 for non-rail customers)

10.8%

Wagons(vehicle units)

7,120

12,000

68.5%

Financial and operating performance

Theoperating ratio of 2018-19 (BE) is estimated at 92.8%as against 96% in 2017-18 (RE). The excess of revenue over expenditure is Rs. 12,990 cr in 2018-19 (BE).

Total Revenue receipts in 2018-19 (BE) are estimated to increase by 7% to Rs. 2,01,090 cr.Gross Traffic Receipts are also estimated to increase by 7% to Rs. 2,00,840 cr. Sundry other earnings are estimated to increase by 49% to Rs. 20,790 cr.

Total Revenue expenditure in 2018-19 (BE) is estimated to increase by 4% to Rs. 1,88,100 cr.Major components include Ordinary Working Expenses (Rs. 1,38,000 cr.), appropriation to DRF (Rs. 500 cr.) and appropriation to Pension Fund from Revenue (Rs. 47,500 cr.).

There is focus o­n freight earnings with estimated increase of 51MT in 2018-19 (BE) over 2017-18 (RE). 2017-18 has seen a reversal of the trend of low growth in freight loading over the previous 2 years. Incremental loading in April-January 2018 is 45 MT over the same period last year. There has been incremental loading of 6 MT in January itself. This highlights move towards sustainable railway operations.

Highlights RE 2017-18

Traffic throughput:

·        Freight loading kept at 1165 MT i.e. at the same level as in BE.

·        Average freight lead estimated at 560 km.

·        Originating passengers increased to 8260 million from BE level of 8198 million.

·        Average passenger lead estimated at 137.4 km.

Revenue receipts:

·        Goods earnings reduced to Rs. 1,17,500 cr from BE level of Rs. 1,18,156.50 cr in consonance with the lower average freight lead target.

·        Passenger earnings retained at the BE level of Rs. 50,125 cr.

·        Other Coaching earnings and Sundry other earnings kept at Rs. 5,500 cr and Rs. 14,100 cr respectively.

·        Gross Traffic Receipts thus kept at Rs. 1,87,225 cr as against Rs. 1,88,998 cr in BE.

·        Miscellaneous receipts consisting of receipts from RRBs/RCTs etc kept at            Rs. 200 cr keeping in view the trend.

·        Total receipts of IR thus kept at Rs. 1,87,425 cr vis-a-vis Rs. 1,89,498 cr in BE i.e. Rs. 2,073 cr less.

Revenue expenditure:

·        Ordinary Working Expenses (OWE) increased to Rs. 1,30,200 cr as against Rs. 1,29,750 cr in BE with an additional provision of Rs. 450 crcr mainly due to impact of 7 CPC allowances.

·        Appropriation to DRF retained at BE level of Rs. 5,000 cr for transferring the amount to Rashtriya Rail SamrakshaKosh (RRSK) as IR’s contribution.

·        Appropriation to Pension Fund from Revenue increased to Rs. 44,100 cr from BE level of Rs. 43,600 cr.

·        Miscellaneous expenditure reduced to Rs. 1,700 cr from BE level of Rs. 2,200 cr.

·        Thus total revenue expenditure of IR kept at Rs. 1,81,000 cr against the BE provision of Rs. 1,80,550 cr with additional provision of Rs. 450 cr.

Operating Ratio:

·        The ‘Excess’ of revenue over expenditure which equals to ‘Net Revenue’ in the absence of dividend liability comes to Rs. 6,425 cr which has been appropriated to Development Fund(DF, Rs. 1500 cr) & Capital Fund (CF, Rs. 4925 cr) for supplementing IR’s capital expenditure.

·        Operating Ratio comes to 96.0% against 94.57% in BE.

Capital Expenditure:

·        Capital Expenditure kept at 1.20 lakh crwhich is Rs. 10,065.13 cr (9.15%)more than capex of 2016-17.

·        Gross Budgetary Support at Rs. 40,000 cr includesRs. 5000 cr towards RRSK and Rs. 11,375 cr as IR’s share from Central Road Fund (CRF).

·        Internal Resources at Rs. 10,900 cr (DRF-Rs. 400 cr, CF-Rs. 4,000 cr, DF-Rs. 1500 cr and RRSK-Rs. 5,000 cr).

·        EBR-IRFC at Rs. 24,786 cr.

·        EBR-IF at Rs. 20,314 cr.

·        EBR-PPP at Rs. 24000 cr.

Source

RE 2017-18 Outlay (Rs in cr)

Capital

23,625

RSF

1,375

RRSK

20,000

Cap. Fund

4,000

DRF

400

DF

1,500

EBR-IRFC

24,786

EBR-IF

20,314

EBR-Partnership

24,000

Total

1,20,000

(The total capital expenditure of Rs. 1.20 lakh cr in RE includes Rs. 20,000 cr from RRSK being met from (i) Rs. 5,000 cr received through GBS, (ii) Rs. 10,000 cr from IR’s share from CRF, (iii) Rs. 5,000 cr contributed from IR’s internal resources)

                                  Investment Physical Targets

Revised target 2017-18

1

Construction of new lines (Route Kms)

402

2

Gauge conversion (Route Kms)

574

3

Doubling of lines (Route Kms)

945

4

Rolling stock

A

Locomotives

i

Diesel

290   (incl. 36 locos for non-railway customer)

ii

Electric

352

B

Coaches

4659   (incl. 160 coaches for non-railway customer)

C

wagons (vehicle units)

7120

5

Track renewals (Route Kms)

3600

6

Electrification projects (Route Kms)

4000

****

Highlights BE 2018-19

Traffic throughput:

·        Freight loading kept at 1216 MT which is 51 MT (i.e 4.4%) incremental over RE 2017-18.

·        Average freight lead at 562 km against 560 km in RE 2017-18.

·        Originating passengers kept at 8314 million.

·        Average passenger lead increased to 139.1 km from RE 2017-18 level of 137.4 km.

Revenue receipts:

·        Goods earnings kept at Rs. 1,21,950 cr in consonance with the loading target.

·        Passenger earnings atRs. 52,000 cr.

·        Other Coaching earnings and Sundry other earnings kept at Rs. 6,000 cr and Rs. 20,790 cr respectively.

·        Gross Traffic Receipts are thus kept at Rs. 2,00,840 cr.

·        Miscellaneous receipts kept at Rs. 250 cr

·        Total receipts of IR are thus kept at Rs. 2,01,090 cr.

Revenue expenditure:

·        Ordinary Working Expenses (OWE) kept at Rs. 1,38,000 cr.

·        Appropriation to DRF kept atRs. 500 cr.

·        Appropriation to Pension Fund from Revenue kept at Rs. 47,500 cr.

·        Miscellaneous expenditure kept at Rs. 2,100 cr.

·        Thus the total revenue expenditure of IR has been kept at Rs. 1,88,100 cr.

Operating Ratio:

·        The ‘Excess’ of revenue over expenditure thus comes to Rs. 12,990 cr which has been appropriated to DF (Rs. 1000 cr), CF(Rs. 6990 cr) and RRSK(Rs. 5000 cr) for supplementing IR’s capital expenditure.

·        Operating Ratio comes to 92.8% against 96.0% in RE 2017-18.

Capital Expenditure:

·        Capital Expenditure Rs. 1,46,500cr which is higher than RE 2017-18 by 26,500 cr.

·        Gross Budgetary Support at Rs. 53,060 cr including Rs. 5,000 cr towards RRSK and Rs. 12,180 cr as IR’s share from CRF.

·        Internal Resources at Rs. 11,500cr (DRF-Rs. 500 cr, CF-Rs. 5,000 cr,  DF-Rs. 1,000 cr and RRSK-Rs. 5,000 cr).

·        EBR-IRFC at Rs. 28,500 cr.

·        EBR-IF at Rs. 26,440 cr.

·        EBR-PPP at Rs. 27,000 cr.

(The total capital expenditure of Rs. 1,46,500 cr in BE includes Rs. 20,000 cr from RRSK being met from (i) Rs. 5,000 cr received through GBS, (ii) Rs. 10,000 cr from IR’s share from CRF, (iii) Rs. 5,000 cr contributed from IR’s internal resources)

Source

BE 2018-19 Outlay (Rs in cr)

Capital

35,880

RSF

2,180

RRSK

20,000

Cap. Fund

5,000

DRF

500

DF

1,000

EBR-IRFC

28,500

EBR-IF

26,440

EBR-Partnership

27,000

Total

1,46,500

Investment Physical targets

Budget Target 2018-19

1

Construction of new lines (Route Kms)

1000

2

Gauge conversion (Route Kms)

1000

3

Doubling of lines (Route Kms)

2100

4

Rolling stock

a

Locomotives

i

Diesel

122(incl. 15 locos for non-railway customer)

ii

Electric

573

b

Coaches

5160(incl. 350 coaches for non-railway customer)

c

wagons (vehicle units)

12000

5

Track renewals (Route Kms)

3900

6

Electrification projects (Route Kms)

6000

****

Ministry of Railways: Highlights of Budget 2018-19

(highlights to be added in brief)



(J. P. Mishra)
Chief Public Relations Officer




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