Rail Budget 2015 Live: Key highlights of Suresh Prabhu speech

By: | Updated: February 27, 2015 10:46 AM

Indian Railways minister Suresh Prabhu is presenting the Rail Budget 2015 in Parliament today. Here are the highlights

rail budget, rail budget 2015, rail budget vision, suresh prabhu, rail budget suresh prabhu, cost of logistics, cost of logistics rail budget, make in indiaRailway Minister Suresh Prabhu addresses a press conference in New Delhi after presenting the Railway Budget 2015-16 in Lok Sabha on Thursday. (PTI)

Indian Railways minister Suresh Prabhu is presenting the Rail Budget 2015 in Parliament today. Here are the highlights:

Also read: Suresh Prabhu Speech

* Regulatory mechanism to be set up for deciding on tariff and disputes: Project worth Rs 2,500 crore using BOT annuity route to be launched: Prabhu

* Joint ventures with states to develop railway projects

* Systems audit proposed for all railway departments

* Feasibility report of high speed train between Mumbai and Ahmedabad expected by mid-2015

* Preparing 5-year corporate safety plan to be ready in 3 months to identify annual quantifiable targets: Prabhu

* Rs 6,750 crore allocated for eliminating 3438 level crossings; 970 road-underbridge and road-overbridge to be constructed

* More general class coaches to be added in identified trains; more AC EMU services for Mumbai suburban section.

* More general class coaches to be added in identified trains; more AC EMU services for Mumbai suburban section.

* Open wi-fi to be available at 400 railway stations; proposal to revamp the station re-development scheme, says Prabhu

* Projects worth Rs 96,182 crore to expand capacity of 9,420 km rail lines.

* Tickets can now be booked 120 days ahead of travel date, instead of 60 days now, to tackle tout menace, says Railway Minister.

* Four dedicated freight corridors to be completed this year; 6608 kms of track to be electrified: Prabhu

* Wagon-making scheme to be reviewed to make it easier for private investment; Speed on nine corridors to be increased from 110-130 to 160-200 kms per hour: Prabhu

* Investment of Rs 8.50 lakh crore envisaged over the next five years: Prabhu

* Priority to improve capacity on high density network in next five years: Railway Minister.

* Railways to go through transformation in five years; to increase track capacity by 10 per cent to 1.38 lakh km.

* Railways to partner with private sector, PSUs and multilateral funding institutions: Minister Suresh Prabhu

* Investment of Rs 8.50 lakh crore envisaged over the next five years: Prabhu

* People of India will own railways always; Railways will continue to be precious national asset, says Prabhu

* Investment of Rs 8.50 lakh crore envisaged over the next five years: Prabhu.

Railway helpline number 138 will become operational 24×7, says Prabhu.

Disposable linen on payment to be available at all stations.

Toll free number 182 created for security related complaints: Railway Minister.

Rail-cum-road ticket to be extended to many stations; more trains to be added under scheme for ordering food while booking tickets: Prabhu

We are introducing ‘Operation 5-minute’ to ensure ticketless passenger get regular ticket within five minute of entering station: Prabhu

SMS alert service to be introduced on train arrival/ departure; CCTVs to be introduced in select trains and suburban trains for women safety.

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