Railway Budget 2015: Rs 8.5 lakh crore to be invested in Railways over 5 years, says Suresh Prabhu
Stating that his government can ensure the 're-birth of Indian Railways', Prabhu said, "I am convinced we can deliver. I believe we can ensure the rebirth of Indian Railways."
By ET Online | Updated:
NEW DELHI: Presenting his maiden Railway Budget, Rail Minister Suresh Prabhu on Thursday said that Rs 8.5 lakh crore will be invested in Railways over 5 years.
Outlining his vision for Indian Railways, Suresh Prabhu in his budget speech takked about four main goals that PM Narendra Modi government will work on to get railways out of its abysmal state.
"We want to work on these four goals; to deliver a sustained improvement in customer experience; make railways a safer means of travel; modernise infrastructure of railways and expand capacity and finally make railways financially self-sustainable," Prabhu ellaborated.
Stating that his government can ensure the 're-birth of Indian Railways', Prabhu said, "I am convinced we can deliver. I believe we can ensure the rebirth of Indian Railways."
"However, this cannot happen overnight," Prabhu said. Prabhu said that chronic underinvestment has led to poor development of Indian Railways. Prabhu said that Railways can play a very important role in PM Narendra Modi's ambition of eliminating poverty from the country.
"I thank people for giving me this opportunity. PM challenged us when he talked about the need for about poverty elimination," Prabhu said. "This is an organisation that touches the heart of all Indians. Railways can play a prime role in PM's dream of eliminating poverty from India."
Ahead of his speech Suresh Prabhu presented a 'white paper' on Railways in Lok Sabha.
Ahead of the Railway Budget, Suresh Prabhu had said that it will signal the direction of long-term reforms needed to revamp the world's fourth-largest rail network.
"The budget will set the direction of long and difficult road of reform," Prabhu had said.
(With inputs from PTI)
Outlining his vision for Indian Railways, Suresh Prabhu in his budget speech takked about four main goals that PM Narendra Modi government will work on to get railways out of its abysmal state.
"We want to work on these four goals; to deliver a sustained improvement in customer experience; make railways a safer means of travel; modernise infrastructure of railways and expand capacity and finally make railways financially self-sustainable," Prabhu ellaborated.
Stating that his government can ensure the 're-birth of Indian Railways', Prabhu said, "I am convinced we can deliver. I believe we can ensure the rebirth of Indian Railways."
"However, this cannot happen overnight," Prabhu said. Prabhu said that chronic underinvestment has led to poor development of Indian Railways. Prabhu said that Railways can play a very important role in PM Narendra Modi's ambition of eliminating poverty from the country.
"I thank people for giving me this opportunity. PM challenged us when he talked about the need for about poverty elimination," Prabhu said. "This is an organisation that touches the heart of all Indians. Railways can play a prime role in PM's dream of eliminating poverty from India."
ADVERTISEMENT
Ahead of his speech Suresh Prabhu presented a 'white paper' on Railways in Lok Sabha.
Ahead of the Railway Budget, Suresh Prabhu had said that it will signal the direction of long-term reforms needed to revamp the world's fourth-largest rail network.
"The budget will set the direction of long and difficult road of reform," Prabhu had said.
(With inputs from PTI)
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
Related Articles
India-US trade deal: PM Modi will never compromise interests of our farmers, says Suresh Prabhu2025-04-28T06:48:43Z- Not just infrastructure, but people centric development will be needed for real transformation: Suresh Prabhu2024-12-14T14:18:49Z
- Suresh Prabhu for setting up food testing labs at 'prasadam' distribution spots amid Tirupati laddu row2024-09-21T11:45:13Z
Text: ECONOMICTIMES.COM
In a Railway Budget focused on enhancing passenger experience, Rail Minister Suresh Prabhu on Thursday announced multiple initiatives including better ticketing facilities, upgraded stations and cleaner trains.
Prabhu increased the funds allotment for passenger amenities by 67%. "We are launching initiatives that will systematically address customer concerns about cleanliness, comfort, accessibility, service quality and speed of trains," Prabhu said.
"We are directing our efforts to make travel on Indian Railways a happy experience with a mix of various initiatives," he said in the Rail Budget speech.
We take a look at 15 main areas in Prabhu's Rail Budget that will improve common man's train journey:
In a Railway Budget focused on enhancing passenger experience, Rail Minister Suresh Prabhu on Thursday announced multiple initiatives including better ticketing facilities, upgraded stations and cleaner trains.
Prabhu increased the funds allotment for passenger amenities by 67%. "We are launching initiatives that will systematically address customer concerns about cleanliness, comfort, accessibility, service quality and speed of trains," Prabhu said.
"We are directing our efforts to make travel on Indian Railways a happy experience with a mix of various initiatives," he said in the Rail Budget speech.
We take a look at 15 main areas in Prabhu's Rail Budget that will improve common man's train journey:
ADVERTISEMENT
