Railway Budget 2012-13 - Railway Budget lays emphasis on Infrastrucurure Development – 5 Focus Areas Identified

The Railway Budget 2012-13 lays emphasis on safety and security of the passengers. Shri Dinesh Trivedi said that drawing from the recommendations of the Anil Kakodkar and Sam Pitroda Committees, he has chosen five focus areas. These are: Track; Bridges; Signalling & Telecommunication; Rolling Stock; and Stations & Freight Terminals.

Under this a Railway Safety Authority has been proposed as statutory regulatory body; Missions will be created to implement the modernization programme; and setting up of a Railway Tariff Regulatory Authority is to be considered. Two new Board Members (Safety/Research and PPP/Marketing) are to be inducted.

Shri Trivedi also announced the setting up of a Rail-Road Grade Separation Corporation to eliminate level crossings. Three 'Safety Villages' will also be set up at Bengaluru, Kharagpur and Lucknow for skill development for disaster management.

The Railway Minister also announced that an Indian Railway Station Development Corporation will be set up to redevelop stations through PPP mode. He also announced that a Logistics Corporation will be set up for development & management of existing railway goods sheds and multi-modal logistics parks. A National High Speed Rail Authority is also to be set-up.

Source : Equity Bulls

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