Page 5 - MASTER IN BUDGET
P. 5
Highlights of the
Railway Budget 2016-17
Theme of the Budget # Action initiated on 139 budget announcements of
# Overcoming challenges – Reorganize, Restructure 2015-16.
Rejuvenate Indian Railways: ‘Chalo, Milkar Project execution
Kuch Naya Karen’ # 2015-16 - assured funding through LIC;
# Three pillars of the strategy i.e. Nav Arjan – New commissioning of 2,500 kms Broad Gauge lines;
revenues, Nav Manak – New norms, Nav Sanrachna commissioning of 1,600 kms of electriication, highest
– New Structures. ever. In 2016-17 - targeted commissioning 2,800 kms
Financial Performance of track; commissioning Broad Gauge lines @ over 7
kms per day against an average of about 4.3 kms per
# 2015-16- Savings of Rs. 8,720 crore neutralizing day in the last 6 years. Would increase to about 13
most of the revenue shortfall, expected OR 90%; kms per day in 2017-18 and 19 kms per day in 2018-
# 2016-17- Targeted Operating Ratio (OR) - 92%, 19; will generate employment of about 9 crore man
restrict growth of Ordinary Working Expenses by days in 2017-18 and 14 crore man days in 2018-19.
11.6% after building in immediate impact of 7th Outlay for railway electriication increased in 2016-
PC, reductions planned in diesel and electricity 17 by almost 50%; target to electrify 2,000 kms.
consumption, Revenue generation targeted at Rs. Dedicated Freight Corridor
1,84,820 crore.
Investments and Resources # Almost all contracts for civil engineering works to
be awarded by March 31st 2016; Rs. 24,000 crore
# Process bottlenecks overhauled including delegation contracts awarded since November 2014 as against
of powers to functional levels; average capital Rs. 13,000 crore contracts awarded in last 6 years;
expenditure over 2009-14 is Rs. 48,100 crore, propose to take up North-South, East-West & East
average growth of 8% per annum. Coast freight corridors through innovative inancing
# 2015-16 investment would be close to double of the including PPP.
average of previous 5 years. Port connectivity
# 2016-17 CAPEX pegged at Rs. 1.21 lakh crore; # Tuna Port commissioned and rail connectivity
implementation through joint ventures with states, projects to ports of Jaigarh, Dighi, Rewas and
developing new frameworks for PPP, etc. Paradip under implementation; implementation of
Vision rail connectivity for the ports of Nargol and Hazira
# By 2020, long-felt desires of the common man to under PPP in 2016-17.
be fulilled i.e, reserved accommodation on trains North East
available on demand, time tabled freight trains, high # BG Lumding-Silchar section in Assam opened thus
end technology to improve safety record, elimination connecting Barak Valley with rest of the country;
of all unmanned level crossings, improved Agartala brought on to the BG network. States of
punctuality, higher average speed of freight trains, Mizoram and Manipur shortly to come on BG map
semi high speed trains running along the golden of the country with commissioning of the Kathakal-
quadrilateral, zero direct discharge of human waste. Bhairabi and Arunachal-Jiribam Gauge Conversion
2015-16-Achievements projects.
@Mahendra’s 5 MASTER IN BUDGET 2016-17
Railway Budget 2016-17
Theme of the Budget # Action initiated on 139 budget announcements of
# Overcoming challenges – Reorganize, Restructure 2015-16.
Rejuvenate Indian Railways: ‘Chalo, Milkar Project execution
Kuch Naya Karen’ # 2015-16 - assured funding through LIC;
# Three pillars of the strategy i.e. Nav Arjan – New commissioning of 2,500 kms Broad Gauge lines;
revenues, Nav Manak – New norms, Nav Sanrachna commissioning of 1,600 kms of electriication, highest
– New Structures. ever. In 2016-17 - targeted commissioning 2,800 kms
Financial Performance of track; commissioning Broad Gauge lines @ over 7
kms per day against an average of about 4.3 kms per
# 2015-16- Savings of Rs. 8,720 crore neutralizing day in the last 6 years. Would increase to about 13
most of the revenue shortfall, expected OR 90%; kms per day in 2017-18 and 19 kms per day in 2018-
# 2016-17- Targeted Operating Ratio (OR) - 92%, 19; will generate employment of about 9 crore man
restrict growth of Ordinary Working Expenses by days in 2017-18 and 14 crore man days in 2018-19.
11.6% after building in immediate impact of 7th Outlay for railway electriication increased in 2016-
PC, reductions planned in diesel and electricity 17 by almost 50%; target to electrify 2,000 kms.
consumption, Revenue generation targeted at Rs. Dedicated Freight Corridor
1,84,820 crore.
Investments and Resources # Almost all contracts for civil engineering works to
be awarded by March 31st 2016; Rs. 24,000 crore
# Process bottlenecks overhauled including delegation contracts awarded since November 2014 as against
of powers to functional levels; average capital Rs. 13,000 crore contracts awarded in last 6 years;
expenditure over 2009-14 is Rs. 48,100 crore, propose to take up North-South, East-West & East
average growth of 8% per annum. Coast freight corridors through innovative inancing
# 2015-16 investment would be close to double of the including PPP.
average of previous 5 years. Port connectivity
# 2016-17 CAPEX pegged at Rs. 1.21 lakh crore; # Tuna Port commissioned and rail connectivity
implementation through joint ventures with states, projects to ports of Jaigarh, Dighi, Rewas and
developing new frameworks for PPP, etc. Paradip under implementation; implementation of
Vision rail connectivity for the ports of Nargol and Hazira
# By 2020, long-felt desires of the common man to under PPP in 2016-17.
be fulilled i.e, reserved accommodation on trains North East
available on demand, time tabled freight trains, high # BG Lumding-Silchar section in Assam opened thus
end technology to improve safety record, elimination connecting Barak Valley with rest of the country;
of all unmanned level crossings, improved Agartala brought on to the BG network. States of
punctuality, higher average speed of freight trains, Mizoram and Manipur shortly to come on BG map
semi high speed trains running along the golden of the country with commissioning of the Kathakal-
quadrilateral, zero direct discharge of human waste. Bhairabi and Arunachal-Jiribam Gauge Conversion
2015-16-Achievements projects.
@Mahendra’s 5 MASTER IN BUDGET 2016-17
