Title - RAIL NEWS CENTER: Funds for Modernization of Railways

Safety and modernisation related upgradation is a continuous process in Indian Railways and depends on traffic movement and accordingly funds are arranged. As on April 1, 2012 the funds required for New Lines are Rs. 89792 crore, for Doubling Rs. 38736 crore and Railway Electrification Rs. 6241 crore with respect to sanctioned works.

Funds for investment on these works are mobilized through internal resource generation, Gross Budgetary Support, market borrowings and through extra budgetary resources including Public Private Partnership.

The areas that have been identified for Public-Private Partnership in the Twelfth Five Year Plan are Logistic Parks, Private Freight Terminal and Freight Schemes, Captive Power, Renewable Energy, Energy Conservation, Loco & Coach Manufacturing Units, Station Development, High Speed (Mumbai-Ahmedabad) Corridor, Elevated Corridor (Church Gate-Virar), Dedicated Freight Corridor (Sonnagar-Dankuni), Port Connectivity Projects and connectivity required for coal & iron-ore mines.

This information was given by the Minister of State for Railways Shri K. H. Muniyappa in written reply to a question in Lok Sabha today.