Indian Railways Two Year Performance Report 2015-2016
Indian Railways Two Year Performance Report 2015-2016
the two years that have gone by would be recognized as significant in the history of Indian Railways.These have been the years when we broke away from tradition and convention and abandoned the business as usual approach. These years have been challenging, no doubt; the experience has also been exciting. We have diagnosed that most of the problems ailing Indian Railways are because of under-investment.
Last year, a five-year investment plan of Rs. 8.56 lakh crore was unveiled. The capex plan for 2015-16 was increased to Rs. 1 lakh crore as against an average of about Rs. 48,000 crore spent during 2009- 2014. We have spent over Rs. 93,000 crore against the aforesaid target, a feat never achieved earlier by Indian Railways. For the first time, we decided to go in for sustained borrowing from the market to meet the enhanced capex requirements. A financing facility has been extended by LIC to provide Rs. 1.5 lakh crore over a period of five years. For 2016-17, our target is to spend Rs. 1.21 lakh crore as capex, 34% higher than 2015-16.
The Dedicated Freight Corridor has picked up momentum and the SPV for High Speed Rail has also been registered. The setting up of loco factories at Madhepura and Marhowra is on schedule. We have awarded Habibganj station near Bhopal for redevelopment and several other stations would be taken up soon.
For the last two years, we have made untiring efforts to take care of the needs of our passengers. We are trying to resolve the problems of passengers on a real time basis by using social media. Measures have also been taken to make journeys safer and satisfying for women, divyang and senior citizens.
Click Here to Download Performance Report 2015-16
Courtesy : Indian Railway