Railway Budget bets big on technology and fuel efficiency
Sai Nikesh | The Dollar Business Presenting the Railway Budget 2015-16 in Parliament on Thursday, the Union Railway Minister Suresh Prabhu said that the budgetary allotment for FY2015-16, under capital, is 84% higher than 2014-15. “A total of 77 new railway projects covering 9,800 km, at a total costing of Rs 96,182 crore, has been sanctioned for the FY2015-16 and this is 2600% higher than the amount sanctioned for the two previous years,” informed the Union Minister. Addressing the members on the budgetary allocations, the Minister touched upon various aspects that the Railways sector intends to make its mark in the FY 2015-16. The Minister announced a proposal to launch the ‘Foreign Rail Technology Cooperation Scheme’ for technology intensive and ...
