Modernization of Indian Railways Network
GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
QUESTION NO 763
ANSWERED ON 21.07.2017
Modernization of railway network
763 Shri A. K. Selvaraj Will the Minister of RAILWAYS be pleased to satate :-
(a) whether it is a fact that Railways are undergoing a US $ 139 billion, five year overhaul to modernize its network, which is blighted by aging tracks and saturated capacity; and
(b) whether it is also a fact that Railways have also introduced a US $ 15 billion fund to improve rail safety, if so, the details thereof?
MINISTER OF STATE IN THE MINISTRY OF RAILWAYS (SHRI RAJEN GOHAIN)
(a): Ministry of Railways have planned an investment of ` 8.56 lakh crore over five years ( 2015-2019) as indicated in the Rail Budget 2015-2016. Under the investment plan, major areas of priority include Network Decongestion/ Expansion, Safety related works, rolling stock procurement, station development works, modernization, speed raising , signalling, traffic facility works, information technology and customer service improvement etc.
(b): A Fund, namely, ‘Rashtriya Rail Sanraksha Kosh (RRSK)’ has been introduced in 2017-2018 for financing critical safety related works. The Fund has been created with a corpus of ` 1 lakh crore over a period of five years.