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http://www.icicidirect.com/mailimages/ICICIdirect_RailBudgetPreview_2012-13.pdf
R a i l B u d g e t ‘ 1 2 - 1 3 : N e e d t o f o c u s o n f i n a n c e s
The focus of the Railway Budget 2012-13, which will be presented on
March 14, would be to put the finances in order. The operating ratio of
the railways has remained very high and its cash reserves have also
been declining. In the backdrop of the recent hike of ~20% in freight
rates, we believe it would remain unchanged. Upper class passenger
fares, which have not been changed since 2002-03, may be considered
for revision by the railway minister.
Exhibit 1: Key Highlight Railway Budget 2011-12
Total 442 more stations upgraded as Adarsh Stations
Total 236 more stations included in the list of Adarsh Stations
Total 10 stations identified to be converted to World Class Stations
Construction of 93 Multi Functional Complexes
Feasibility study with the help of Japan to raise speed of passenger trains to 160-200 kmph
Introduction of pan-India multi-purpose ‘Go India’ smart card
Multi-level parking through PPP route
More MFCs and budget hotels to be set up at 45 locations
Total 700 km of new lines being completed in 2010-11
A new scheme ‘Pradhan Mantri Rail Vikas Yojana’ to start to fund socially desirable projects
Construction of four new lines to connect unserved and underserved regions
Increase in allocation of 19 projects in underdeveloped and underserved areas to | 771 crore
Non-lapsable fund for railway projects in the North East region created
All state capitals in the North East except Sikkim to be connected in the next seven years
Burn Standard Company Ltd and Braithwaite Company Ltd brought under Ministry of Railways
Setting up of a bridge factory in Jammu & Kashmir
Setting up of a metro coach factory in Singur
Setting up of a diesel locomotive centre in Manipur
Source: Indian Railways Budget 2011-12
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
http://www.icicidirect.com/mailimages/ICICIdirect_RailBudgetPreview_2012-13.pdf
R a i l B u d g e t ‘ 1 2 - 1 3 : N e e d t o f o c u s o n f i n a n c e s
The focus of the Railway Budget 2012-13, which will be presented on
March 14, would be to put the finances in order. The operating ratio of
the railways has remained very high and its cash reserves have also
been declining. In the backdrop of the recent hike of ~20% in freight
rates, we believe it would remain unchanged. Upper class passenger
fares, which have not been changed since 2002-03, may be considered
for revision by the railway minister.
Exhibit 1: Key Highlight Railway Budget 2011-12
Total 442 more stations upgraded as Adarsh Stations
Total 236 more stations included in the list of Adarsh Stations
Total 10 stations identified to be converted to World Class Stations
Construction of 93 Multi Functional Complexes
Feasibility study with the help of Japan to raise speed of passenger trains to 160-200 kmph
Introduction of pan-India multi-purpose ‘Go India’ smart card
Multi-level parking through PPP route
More MFCs and budget hotels to be set up at 45 locations
Total 700 km of new lines being completed in 2010-11
A new scheme ‘Pradhan Mantri Rail Vikas Yojana’ to start to fund socially desirable projects
Construction of four new lines to connect unserved and underserved regions
Increase in allocation of 19 projects in underdeveloped and underserved areas to | 771 crore
Non-lapsable fund for railway projects in the North East region created
All state capitals in the North East except Sikkim to be connected in the next seven years
Burn Standard Company Ltd and Braithwaite Company Ltd brought under Ministry of Railways
Setting up of a bridge factory in Jammu & Kashmir
Setting up of a metro coach factory in Singur
Setting up of a diesel locomotive centre in Manipur
Source: Indian Railways Budget 2011-12
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