Rail Budget 2015-16 India Update : Prabhu’s 5-yr, Rs 8.5L crore investment plan for Railways

Railways Minister Suresh Prabhu, in his Budget speech today, outlined an ambitious capital expenditure target of Rs 8.5 lakh crore over the next five years.

“Any organization must address short-term priorities without glossing over the long-term and medium-term vision,” Prabhu said. “As Vinoba Bhave once said, “You will stumble if you look close to your heels and would certainly fall if you ignore the vision of the long road.”

Prabhu said the Budget was part of a trilogy of documents that charts out the Railways’ vision for the future:

“The first in the series is the White Paper that has been placed today for the information of the House. The second part is today’s Budget for the year 2015-16. This will be followed by a Vision-2030 document that we intend to bring out later this year,” he said.

“The proposals contained in this Budget should, therefore, be seen as the beginning of a Five Year Action Plan to transform the Railways,” he added.

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