Rail Budget 2015-16 India Update : To up annual freight capacity to 1.5 bn tonnes, says Prabhu

Presenting his maiden Rail Budget, Minister Suresh Prabhu promised to increase annual freight capacity to 1.5 billion tonnes from 1 billion. He also envisaged Rs 8.5 lakh crore investment over five years.

Prabhu added the government will partner with private sector to improve rolling stock fleet. The railways will also focus on adopting a medium-term perspectiveto focus on adopting a medium-term perspective.

Railways generated Rs 86,009.27 crore from freight traffic during the April 2014-January 2015 period as compared to Rs 76,501.01 crore during the corresponding period last fiscal, registering an increase of 12.43 percent.

Railways carried 906.36 million tonnes (MT) of freight during April-January period as compared to 866.14 MT carried during the corresponding 10 month period last financial year, registering an increase of 4.64 percent, according to Railway Ministry data.

During the month of January, railways generated Rs 10,023.71 cr as compared to Rs 8795.90 cr during the same period last year, registering an increase of 13.96 percent. Out of which, Rs 4728.91 cr came from transportation of 48.93 MT of coal, followed by Rs 877.41 cr from transportation of 9.95 MT of cement, Rs 739.06 crore from 10.10 MT of iron ore for exports, steel plants and for other domestic users.

The national transporter earned Rs 768.11 cr from 4.82 MT of food grains, Rs 495.99 cr from 3.55 MT of petroleum oil and lubricant (POL), Rs 582.31 cr from 3.46 MT of pig iron and finished steel from steel plants and other points, Rs 540.27 cr from 4.41 MT of fertilisers, Rs 190.10 cr from 1.75 MT of raw material for steel plants except iron ore, Rs 446.05 cr from 4.07 MT by container service and Rs 655.50 cr from 6.75 MT of other goods.

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