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Railway Exploring Multilateral Financial Investment Partnership with State Governments for Redevelopment of Stations

Budget - Dated:- 25-2-2016 - National Academy of Indian Railways at Vadodara to be upgraded as Rail University Presenting Railway Budget 2016-17 in Parliament today, the Minister of Railways Shri Suresh Prabhakar Prabhu said that Redevelopment of sta .....

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et has approved redevelopment of 400 stations through PPP. This is expected to be the largest transit oriented development in the world and, hence, involves complex decision making. Apart from taking up stations through the PPP mode, the possibility .....

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to beautify stations. Walls of many stations have been converted to murals which have not only improved the aesthetics but also spread awareness on socially relevant themes. To provide better security to passengers especially women travellers, All In .....

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better at 20% lower accidents compared to the previous year, but still there is much more that is required to be done. He also said that the way forward to eliminate accidents from Indian Railways is through adoption and assimilation of latest techn .....

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operations on existing network and, hence, provide a roadmap for zero accident railway system in India. In the interim, Dr. Kakodkar Committee s recommendations have been examined and working on their implementation. He said that Indian Railways is a .....

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t year and work is going on in 1350 of them. Shri Suresh Prabhakar Prahu announced that the target of annualized savings of ₹ 3,000 crore on the total traction supply cost, will be achieved in the next financial year itself, a year earlier than .....

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ed will mean an annualized saving of ₹ 1,300 crore. Further actions to source power, already initiated, will deliver annualized savings of ₹ 1,700 crore during the coming year, taking the total to ₹ 3,000 crore. In addition, the sav .....

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