26Feb

Rail Budget 2015-16 India Update : Pledge to re-invigorate Railways, says Suresh Prabhu

Railway Budget has focussed on issues like safety, increasing quota for senior citizens, said minister Suresh Prabhu.

In a post-Budget interaction with the media, Prabhu said a sum of Rs 6,581 crore has been approved to remove around 3,500 level-crossings. He said the ministry has rationalised freight rates in terms of classification.

Stating that Railways cannot depend on sole source of gross budgetary support, Prabhu said the government is looking at various options to raise money. “A large government organisation has committed Rs 20,000-crore investment in Railways, besides we are also in talks with the World Bank for funding.

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