Hyderabad: The Railway Minister, Ms Mamata Benerjee, has announced that a coach factory would be set up at Kazipet in Warangal district. She also announced some new projects and services to the State in the Railway Budget she presented in Parliament on Friday.
She also announced that a 1300 MW Thermal Power Plant of the Railways would also be set up in the State.
The Railway Minister has announced six new services, express and passengers to several new stations and some new railway lines.
According to her, Andhra Pradesh would get more funds for the expansion of Hyderabad MMTS services; new Integrated Suburban Raiway Net in Hyderabad; six new services to Hyderabad; Tourism development between Hyderabad and Tirupati; new Railway line between Bodur and Durgarajapuram; new Satabdi Express between Secunderabad and Pune; new Duranto Express between Secunderabad and Visakhapatnam; more suburban trains in Falaknuma-Secunderabad-Lingampalli route; new express train between Narsapur and Nagarkoil; new express train between Bihar and Visakhapatnam; new train between Tirupati and Amaravati; new Express train between Howrah and Secunderabad; Howrah-Visakha-Howrah-Tirupati new express; Passenger between Tirupati and Guntakal; new passenger train between Kachiguda and Miryalaguda; passenger train between Dharmapuri and Bangalore; Passenger from Kacheguda to Nadikudi; Passenger between Nizamabad and Secunderabad; new train between Bhadrachalam and Visakhapatnam; new passenger train between Adilabad, Armoor, Falaknuma and Medchal; extension of Visakha-Nizamabad express upto Nanded; new railway line between Patancheru and Adilabad; new railway line between Bhadrachalam and Visakhapatnam; new railway line between Srisailam and Siddipet; new railway line between Kadapa and Kadiri; Passenger train between Dharmapuri and Bangalore; new railway line between Piduguralla, Kadapa, Renigunta and Kadiri and new railway line between Dubagunta and Donakonda.
The Railway Minister said that gross earnings of Railways in the 2011 financial year would touch Rs 94,742 crores and the total working expenses were estimated at Rs 87,200 crore. The Railways have fixed their Total Gross Earnings for 2010-11 at Rs. 94,742 crore, which is Rs. 177 crore higher than the budget. Stating this in her speech while presenting the Railway Budget for 2011-12, the Minister of Railways, Mamata Banerjee, informed the Lok Sabha that with the reduced traffic suspense clearance of Rs. 98 crore, Gross Traffic Receipts is higher than the budget target by Rs. 75 crore at Rs. 94,840 crore.
She said that the testing times for the railways have continued during 2010-11 also due to the impact of allowances and several post-budgetary factors. The Minister of Railways said that disruption of train movements has resulted in a loss of about Rs. 1,500 crore during the year and another Rs. 2,000 crore due to the ban on export of iron ore. As a result the loading target had to be reduced by 20 million tones to 924 million tones during 2010-11. However, in the revised estimates, goods earnings have been retained at the budget level based on trends of higher yield per NTKM.
The Minister of Railways said that Ordinary Working Expenses for the Railways has now been fixed at Rs. 67,000 crore, which is an increase of Rs. 2,000 crore over Budget Estimate. After providing for Rs. 5,700 crore and Rs. 14,500 crore towards Depreciation Reserve Fund and Pension Fund respectively in the Revised Estimates, the Total Working Expenses are likely to be Rs. 87,200 crore during 2010-11.
Accounting for full dividend liability Rs. 4,917 crore the “Excess” comes to Rs. 4,105 crore. The Minister of Railways said that the Revised Operating Ratio works out to 92.1% which would have been 72.8% with pre-Pay Commission salaries. The revised plan outlay has been kept at Rs. 40,315 crore, she said. The Minister of Railways said that the Railways will save Rs. 3,700 crore by economy drive and other austerity measures. (NSS)