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Highlights of Railway Budget 2008-09

Last updated on: February 26, 2008 16:09 IST

Union Railway Minister Lalu Yadav presented the Railway Budget for 2008-09 in Parliament on Tuesday.

Following are the highlights:

Review of performance: 2007-08

  • Double digit growth in traffic earnings maintained in first nine months.
  • Growth in passenger earnings 14%.
  • Expected growth in goods earnings 14%.
  • Gross Traffic Revenues 16% higher than the previous year and 2% higher than the Budget Estimates.
  • Operating Ratio likely to improve from the budgeted 79.6 to 76.3 per cent - best in last four decades.
  • Return on Capital - an all time high of 21 per cent.
  • Cash Surplus before dividend expected to be a record Rs.25,000 cr.
  • Net Revenue expected at Rs. 18,416 cr and surplus after payment of dividend expected at Rs.13,534 cr.

Budget estimates 2008-09

  • Freight loading target: 850 million tones.
  • Revenues in Freight earnings to be Rs.52,700 cr;¬† Passenger earnings to be Rs.21,681 cr.
  • Gross Traffic Receipts to be Rs.81,901 cr - an increase of 12.6 per cent over RE.
  • Cash surplus before Dividend to be Rs.24,783 cr after making an ad-hoc provision of nearly Rs.5000 cr for anticipated recommendations of the VI Central Pay Commission.

Annual Plan 2008-09

  • The Annual Plan of Rs.37,500 cr is the largest ever Annual Plan so far.
  • Thrust areas include enhancement of high density network routes, improvement and expansion of traffic facility and network, construction of flyovers, bypasses and upgradation of goods-sheds.
  • New Lines¬† - Rs.1,730 cr, Gauge conversion - Rs.2,489 cr, Electrification - Rs.626 cr, Metropolitan Transport Projects - Rs.650 cr.
  • Track renewal - Rs.3,600 cr, Bridges - Rs. 600 cr, Signal & Telecommunication works -Rs.1,520 cr, Road over/under bridges - Rs. 700 cr and manning of unmanned level crossings - Rs.600 cr.
  • Passenger amenities - Rs. 852 cr, the highest so far.
  • Targets : New Lines - 350 kms, Gauge conversion - 2,150 kms, Doubling - 1000 kms.

Passenger services

Trains

  • 10 new Garib Raths to be introduced.
  • 53 pairs of new trains.
  • Extension of trains : 16 pairs.
  • Increase in frequency : 11 pairs.
  • 300 additional services in Mumbai suburban.
  • Special train from Anandpur Sahib and Patna Sahib to Gurudwara Sachkhand Sahib during tercentenary function of Shri Guru Granth Sahib of Gurta Gaddi.
  • Special train between Pune and