Date Of Post: 29 Jan, 2018
New Delhi: Complete modernisation of Indian Railways’ entire signalling system, including automation, at a whopping cost of Rs 78,000 crore is likely to get the nod among other safety measures in the forthcoming budget.
- The Railways is going ahead full throttle to generate funds from internal resources and also from the market to meet the huge requirement for infrastructure development & safety-enhancement measures.
- The Railways is likely to get Rs 65,000 crore as gross budgetary support (GBS) this time, an increase of Rs 10,000 crore from the last one.
- Though the budget for 2018-2019 will reflect an attempt to reduce working expenses in the next fiscal, Union Railway Minister Shri Piyush Goyal is leaving no stone unturned to replace the age-old tracks & upgrade signals as part of the railways safety requirements.
- A senior Railway Ministry official said,“The modernised automation of the signalling system aims to enhance safety and speed up train movement in a congested network.”
- Safety & passenger amenities are likely to get top billing in the rail budget, when Finance Minister Arun Jaitley presents the budget for 2018-19 on February 1.
- Replacement of the existing signalling network with a state-of-the-art system, proliferation of electronic interlocking systems, introduction of the European Train Control System Level-2 and mobile train radio communication systems are part of the upgradation agenda of the Railways, which has drawn up a detailed plan to change the system over the next 5 years.
- Investment in the railway sector is crucial to step up the country’s growth momentum.
- While the Rashtriya Rail Sanrakshya Kosh of Rs 1 lakh crore, created in the last budget, will continue to roll out Rs 20,000 crore in the next fiscal, the safety-enhancement measures are likely to get a further boost in this budget with the signalling automation move.
- Laying of new rail lines, gauge conversion & doublings, besides massive electrification, will continue to be part of the budget.
Image Credit: Hpcos – Wikimedia Commons