Rail Budget: Investment in 12th Plan to be Rs 7.35 lakh cr

The Ministry of Railways has decided to create Missions headed by Mission Directors in each of the identified area for a three year term as per the recommendations of the Expert Group headed by Shri Sam Pitroda on modernization and resource mobilisation.

This was announced by the Minister of Railways Shri Dinesh Trivedi. Introducing the Railway Budget for 2012-13 in Parliament on Wednesday, he said, the directors will directly report to the Railway Board.

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Union Budget 2012-13: Complete coverage

Source: PIB

Each Mission would be provided with appropriate budget and operational autonomy.

In addition, a High Level Committee will be set up to facilitate coordination amongst the Missions, fast-track implementation, and address bottlenecks coming in the way.

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The Expert Group for Modernization of Indian Railways had recommended implementation of the modernization programme following a 'Mission Mode' approach, with clear objectives, measurable milestones, tangible deliverables and well defined timelines.

The Group in its report submitted on February 27 had provided a blueprint for the next five years for modernisation of Indian Railways.

The recommendations of the Group entail an estimated investment of Rs. 5.60 lakh crore (Rs 5.6 trillion).