Budget 2017-18 (Highlights Transport Infrastructure Sector)
Published on: Feb 15, 2017

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The highlights of Budget for Transport Infrastructure Sector are enclosed for your kind perusal.

Infrastructure

§  Total allocation for infrastructure stands at Rs 3,96,134 crore

§  Railways, roads and river are lifeline for the country. First comprehensive budget for infrastructure including railways, first time in last 92 years

§  Total capital outlay for Transport sector is Rs 2,41,387 crore

§  Trade Infrastructure Export Scheme to be launched in 2017-18

Road Transport and Highways

§  Stepped up budget allocation to Rs 64,000 crore for highways in 2017-2018

§  2000km of coastal roads identified for development which will facilitate better connectivity with ports and rail

§  Total length for roads built from 2014-15 is about 1,40,000km higher than previous 3 years

§  Effective multi modal transport policy will make our economy more competitive

§  Pradhan Mantri Gram Sadak Yojana will have an allocation of Rs. 27,000 crore. The pace of construction increased to 130km per day in 2016-2017 as against 73km per day during previous year. Aim Complete the target by 2019

Railways

§  Rs 1,31,000 crore has been budgeted for Railways for capital expenditure in 2017-18, including Rs. 51,000 crore from the government

§  3,500 km of railway lines to be commissioned this year, up from 2,800 km last year

§  For passenger safety a Rashtriya Rail Sanraksha Kosh with corpus of Rs 100,000 crore will be created over a period of 5 years

§  Unmanned Railway level crossing to be abolished by 2020

§  Railways have set up joint ventures with 9 State Governments. 70 projects have been identified for construction and development

§  At least 25 station to be awarded for redevelopment by 2017-18

§  500 stations will be made disabled-friendly

§  Service charges on tickets booked through IRCTC will be withdrawn

§  1,000 Mw Solar capacity to be set up under solar power mission for railways

§  All coaches of Indian Railways will have biotiolets by 2018

§  Dedicated trains of tourism and pilgrimage

§  Pilot plants for environment friendly disposal of solid waste and conversion of biodegradable waste being set up at New Delhi and Jaipur railway stations. Five more such solid waste management plants are now being taken up

§  Improving operating ratio for railways

§  A new metro rail policy will be announced with new modes of financing. This will open up new jobs for our youth.

§  Government proposes Coach Mitra facility to redress grievances related to rail coaches

§  Railway tariffs to be fixed on the basis of cost, social obligation and competition; Railway related state-run companies like Ircon, IRCTC to be listed on stock exchanges

§  Railways to offer end to end integrated transportation for select commodities in partnership with logistics firms

§  A specific programme for development of multi-modal logistics parks, together with multi modal transport facilities, will be drawn up and implemented

§  Centralised Defence system for soldiers for railway bookings introduced

Aviation

§  Selected airports in tier 2 cities to be developed in PPP mode

§  Airport Authority of India Act will be amended to enable effective monetization of land assets. The resources, so raised, will be utilized for airport upgradation

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About the author

Sudhir KESHARWANI

Assistant Director - Transport Infrastructure

India,New Delhi

Having interests into Market Entry, Advisory Services, Trade Analysis, Trade Representation, Mergers and Acquisitions, Projects Appraisal & Finance and New Business Opportunities

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