Budgetary support for SCR at Rs 1,564 crore

Written by Economy Bureau | Hyderabad, Feb 26 | Updated: Feb 27 2008, 06:22am hrs
South Central Railway (SCR), considered to be the third largest zone in the Indian Railways with a route km length of 5,734.47, has been allocated a budgetary support of Rs 1,563.99 crore for the year 2008-09, as against Rs 1,600 crore allocated last year.

However, with most of the projects being completed in this zone, it had already received an initial allocation of Rs 2,000 crore in the supplementary budget last year and is expected to be increased further during the supplementary budget in the current year.

Explaining about the budgetary highlights for 2008-09, HK Padhee, GM, SCR, said that in the total Plan outlay for this year, SCR has got Rs 400 crore for track renewals, Rs 96 crore for new lines, Rs 107 crore for gauge conversion and Rs 71.03 crore for doubling activities.

Three new trains have been added to SCR zone which include Secunderabad-Visakhapatnam Garib Rath Express, Machilipatnam-Bangalore Express and Hyderabad-Usmanabad. In fact, Secunderabad station has been proposed to for inclusion as one among the total 16 world class stations, which would entail an investment of over Rs 4,000 crore.

He said that the performance has registered a sizeable increase in its earnings touching close to Rs 5,483.61 crore as against Rs 4,717.02 crore, a rise of 16.25% till January 2008. The operating ratio of the zone has been one of the optimal best during the current financial year at about 68.5% as against 70.60% for the corresponding period of the previous year.

In terms of freight loading, SCR has achieved the highest cumulative originating freight loading of 57.20 million tonne as against 49.74 mt upto January 2008.

Further, the passenger traffic has increased to 228.89 million in the year 2007-08 upto January 2008, as against 203.17 million for the corresponding period last year.

For passenger amenities, SCR has spent about Rs 82.50 crore till Janaury 2008 as against Rs 39.88 crore in 2006-07 and Rs 29.86 crore in 2005-06. Further, SCR has become the first major zonal railway with zero overdue replacement of over-aged and worn out signaling gears.

About Rs 90 crore has been spent on improvement of signaling system and enhancement of safety as against Rs 55 crore for the corresponding period last year.

Further, as part of energy conservation measures for general services, a near 5% increase in demand of electricity was absorbed and consumption contained, ensuring a saving of Rs 3.5 crore.