For FY16-17, the railways’ operating ratio will go up to 90% because of the impact of the 7th Pay Commission, which
had recommended a total pay hike of Rs 28,450 cr for 2.6 million employees and pensioners.
Railways will get Rs 40,000crore during 2016-17 as budgetary support from the Central Government.
Railways is aiming to generate revenues of 1.84 lakh crore during 2016-17 financial year.
Railways has saved crore km in 2015-16 on account of lower fuel and electricity costs. of new tracks will be
commission during 2016-17, much higher than the average of 200 km of tracks added per year.
Rs 8,720 lakh crore will be spent on capital expenditure by Railways during 2016-17, a 20% hike in plan outlay over last year.
1.5 lakh crore will be funded by state-run LIC over the next five years towards Railways’ modernisation plan.
LIC will lend the money at favourable terms, Sh. Prabhu said. The Railways plans to spend Rs 8.8 lakh crore on
infrastructure in five years.
High end technology to significantly improve safety record.
Zero direct discharge of human waste.
Semi high speed trains running along the golden quadrilateral.
Time tabled freight trains with credible service commitments.
Increased average speed of freight trains to 50 kmph and Mail/Express trains to 80 kmph.
Elimination of all unmanned level crossings