Indian Railways Set for Major Expansion
The Indian Railways is poised for a significant transformation, thanks to a substantial allocation in the Union Budget for the fiscal year 2025-26. With a budgetary support of ₹2,52,000 crore, the government aims to enhance rail travel across the nation. This investment will lead to the introduction of new trains and modern coaches, making rail travel faster, safer, and more comfortable for millions of passengers. Union Minister Ashwini Vaishnaw has hailed the budget as “amazing,” emphasizing its potential to benefit low and middle-class citizens.
Major Investments in New Trains
The Union Budget has earmarked funds for the introduction of 200 new Vande Bharat trains, 100 Amrit Bharat trains, and 50 Namo Bharat rapid rail services. Additionally, the plan includes the addition of 17,500 general non-AC coaches over the next two to three years. This ambitious expansion aims to meet the growing demand for rail travel in India, which is one of the most populous countries in the world. The introduction of these new trains will not only improve connectivity but also enhance the overall travel experience for passengers.
The Vande Bharat trains, known for their speed and modern amenities, will significantly reduce travel time on key routes. The Amrit Bharat trains will focus on providing affordable travel options, while the Namo Bharat rapid rail services will cater to commuters looking for quick transit solutions. This comprehensive approach to expanding the rail network reflects the government’s commitment to improving public transportation and making it accessible to all.
Focus on Safety and Infrastructure
Safety is a top priority in the new budget, with ₹1,16,000 crore allocated for various safety projects. The Union Minister highlighted that this budget serves as a roadmap for a developed India, or “Viksit Bharat.” The government plans to invest ₹4,60,000 crore in infrastructure development projects for the railways. This includes enhancing safety measures, upgrading existing infrastructure, and building new facilities.
The budget also includes provisions for the Railway Safety Fund and the Rashtriya Rail Sanraksha Kosh, which will support safety initiatives. By focusing on safety, the government aims to reduce accidents and improve the overall reliability of the rail network. This investment in safety and infrastructure will not only benefit passengers but also create jobs and stimulate economic growth in the regions served by the railways.
Financial Overview and Future Goals
The financial strategy behind the budget is robust. The government has allocated ₹10,000 crore from extra budgetary resources to support the modernization of Indian Railways. This brings the total capital expenditure to ₹2,62,000 crore. The budget also includes provisions for debt servicing and reimbursement of losses on the operation of strategic lines.
The net revenue expenditure for Indian Railways is projected at ₹3,02,100 crore for the fiscal year, a significant increase from previous years. This budgetary support is nearly nine times higher than the allocation of ₹28,174 crore in 2013-14. The Union Minister also announced ambitious plans for the future, including the goal of achieving 1.6 billion tonnes of freight by the end of the fiscal year and a 7,000 km high-speed rail network by 2047. Furthermore, Indian Railways aims for 100% electrification by the end of FY 2025-26, aligning with sustainability goals.
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