On 12 February 2014, Mapanna Mallikarjun Kharge, presented the Interim Railway Budget for 2014-15 in the Lok Sabha.
The annual plan has been envisaged at Rs 64,305 crore with a budgetary support of Rs 30,223 crore.
Highlights of the budget are as follows:
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Rail Tariff Authority set up to advise on fixing of fares and freight
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Development of new rail infrastructure by cost sharing with the governments of Karnataka, Jharkhand, Andhra Pradesh and Haryana
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FDI being enabled to foster creation of the rail infrastructure
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Development of a rail network in FY14 to connect Meghalaya and Arunachal
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Mumbai to get AC EMUs in July 2014
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Coverage of bio-toilets in 2,500 coaches which will be increased progressively
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Railway Energy Management company becomes functional. Windmill and solar power plants to be set up with 40 per cent subsidy from the Ministry of New & Renewable Energy
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Carrying capacity + nine tonne + one tonne routes being planned
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Railways completed 2,207 km of new lines against a target of 2,000 km and electrification of 4,556 km completed
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IRFC, the financing arm of Railways to borrow Rs 12,800 crore from the market, while Rail Land Development Authority has raised Rs 937 crore so far
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Private projects of Rs 6,005 crore coming through private-public partnership route in 2014-15
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