Railways should continue momentum in loading and freight movement during the current FN years says Railway Minister Piyush Goyal

2021-02-22 16:34:20 Logistics News (Roadways & Railways)

The Railway administration at the highest level has decided to continue the momentum in loading and freight movement during the current financial year. Freight operations of the Railways have helped in contributing to the economic and industrial activities of the country in a big way said railway minister Piyush Goyal.

The railway minister said the thrust of the Railway's annual plan 2021-22 is on infrastructure development, throughput enhancement, development of terminal facilities, augmentation of speed of trains, improving signalling systems, improvement of passenger amenities and safety works

The minister who was reviewing the work of various railway zones in the country said the total capital expenditure outlay of the railways is of the order of  Rs 2.15 crores for the current financial year. This includes highest ever contribution by the government to the railways in terms of gross budgetary support at Rs 1.07 lakh crores, Rs 7500 crores from internal resources of the railways and Rs one lakh crores from external budgetary resources.

Covid precautions must continue to be adhered to by Railways

The Minister said that Infrastructure projects under various stages of completion(Mostly in Northern and Western India) must be monitored on a daily basis and all timelines should be adhered to. Covid precautions must continue to be adhered to by Railways.

Indian Railways must continue to optimise and reduce the costs and further improve all productivities to make this year an exceptional year in spite of Covid.

The Minister encouraged the officials from across the Railway zones to share with the Board  their best practices and policy suggestions for National Optimisation. These suggestions could be about anything that can contribute to better passenger services, safety, revenue generation, freight & business development, increasing the speed or anything.

Minister asked the Board to study best practices of zones

The Minister asked the Railway Board to study the best practices of zones at earliest. Great practices or ideas that are being implemented at one place can be then replicated at other places and national optimisation can be achieved. The Energy expenses on running of trains should further be rationalised.

The Minister said that record Capex allocation in the historic budget is an opportunity for capacity expansion and creating the foundation of future ready Railways.

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