The Union Railway Ministry has decided to create
a 1 lakh crore rupees safety fund named Rashtriya
Rail Sanraksha Kosh to strengthen
safety measures on the rail network to prevent accidents. It was announced by
Union Railway Minister Suresh Prabhu in the Lok Sabha while replying to a
debate on Demands for Grants for Railways for 2016-17. In this regard Union
Railway Ministry has forwarded a proposal to the Union Finance Ministry for
approval. Key facts The Rashtriya Rail Sanraksha Kosh will be a non-lapsable
fund which will be utilized for safety measures. The fund will help Indian
Railways to accomplish its zero-accident mission by strengthening the safety
measures on the rail network in a comprehensive way. Under this fund, envisaged
works like track renewal and up gradation, bridge rehabilitation, elimination
of level-crossings, construction of road over bridges/road under bridges will
be under taken. It will be also used for replacement and improvement of signaling
system, improvement and up gradation of rolling stock, replacement of
electrical assets and human resource development.
The committee is likely to submit its report by December 31 this year, Minister of State for Railways Manoj Sinha said in written reply.
The committee is likely to submit its report by December 31 this year, Minister of State for Railways Manoj Sinha said in written reply.
"Ministry of Railways (Railway Board) has
constituted a committee for putting up the consolidated proposals for creation
of a 'Rashtriya Rail Sanraksha Kosh (RRSK) amounting to Rs 1,10,237
crore," he said.
The committee consists of Executive
Director/Civil Engineering (Planning), Railway Board as convener and Executive
Directors of Finance Expenditure, Signal (Development), Electrical Energy
Management, Mechanical Engineering (Project), Directorates of Railway Board as
its members.
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