The Hindu : National : Plan outlay of Rs. 11,265 cr. proposed

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Wednesday, Jul 07, 2004

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National

Plan outlay of Rs. 11,265 cr. proposed

By Our Special Correspondent

NEW DELHI, JULY 6. The Railway Minister, Lalu Prasad, today proposed an Annual Plan outlay of Rs. 11,265 crores for the current fiscal year. Presenting the Railway Budget in the Lok Sabha, Mr. Prasad said that if the outlay of Rs. 2,933 crores for safety-related works from the Special Railway Safety Fund (SRSF) was taken into account, the total outlay aggregated Rs. 14,198 crores, which would be Rs. 773 crores more than the outlay in the interim budget. Additionally, Rs. 300 crores have been allotted for the Udhampur-Srinagar-Baramulla project, taking the total outlay to Rs. 14,498 crores.

In addition to the budgetary support, the Minister intends to provide Rs. 2,870 crores through internal resource generation for Plan expenditure, which would be Rs. 240 crores higher than that budgeted for last year. As in the previous years, the extra-budgetary resources, mainly through market borrowings from the Indian Railway Finance Corporation, will provide the balance requirement of the Plan. This includes Rs. 3,400 crores in market borrowings and Rs. 50 crores in investment through a build-operate-transfer (BOT) project in the Viramgam-Mehsana gauge conversion work. For the SRSF, the Central Government's contribution will be supplemented by the Railways' own contribution, expected to be Rs. 858 crores, taking the total outlay for the Fund to Rs. 2,933 crores. The budget has provided for a Plan expenditure of Rs. 2,696 crores for five major projects.

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