While presenting the Railway Budget 2015-16 in parliament on Thursday, Prabhu said the strategies the Railways proposes are adopting a medium-term perspective, building partnerships, leveraging additional resources, revamping management practices and retooling of human resources and setting standards for governance and transparency.
To meet the midium-term goals the budget proposes a five year action plan involving a total investment of Rs. 8,56,020 crore that envisages various aspects of improvement including network decogestion and expansion, safety measures and passenger amenities.
As for building partnerships, the budget speaks about the requirement of partnering with key stakeholders: States, PSU’s, partner with multilateral and bi-lateral organizations and other governments to gain access to long term financing and technology from overseas, the private sector to improve last mile connectivity, expand fleet of rolling stock and modernize our station infrastructure.
Prabhu, in his budget also envisaged an investment of Rs. 8.5 lakh crore in next five years to be mobilized from multiple sources to cater to funding i.e multilateral development banks, pension funds.
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