Date of Post: 10 Aug, 2018
New Delhi: The Indian Railways spent Rs 3,256 crore this year against the Rs 20,000 crore from the Rashtriya Rail Sanraksha Kosh (RRSK) and Rs 16,091 crore last year, Minister of State for Railways Rajen Gohain said.
“In 2017-18, out of the outlay of Rs 20,000 crore, expenditure of Rs 16,091 crore has been incurred out of RRSK. And in the current year Rs 3,256 crore has been spent till end of June,” Gohain in a written reply in the Lok Sabha said.
- The RRSK has been introduced, as announced by Minister of Finance in his Budget Speech 2017-18, for works related to renewal, replacement and upgradation of critical safety assets, Gohain said.
- The fund has a corpus of Rs 1 lakh crore over a period of 5 years, having an assured annual outlay of Rs 20,000 crore with Rs 15,000 crore as contribution from Gross Budgetary Support and Rs 5,000 crore from internal resources of the Railways, according to the Railway Ministry.
The fund under RRSK is being utilized to finance safety-related works under plan-heads
- Track renewals
- Bridge works
- Signalling and telecommunication works
- Road safety works of level crossings and road over or under bridges
- Rolling stock
- Traffic facilities
- Electrical works
- Machinery and plant
- Passenger amenities
- Training or HRD
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