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Rail Budget Identifies Areas Needing Strategic Management

By : Guest on 08 July 2014 E-mail Print Report Abuse


The Minister of Railways Shri D. V. Sadananda Gowda, while introducing the Railway Budget for 2014-15 in Parliament today, said that there is a need to strategically manage various aspects of railway planning and administration. To meet this end, the following initiatives have been proposed:- 

 

a. Near Plan Holiday approach; 

 

b. Prioritizing and setting timelines for completion of the ongoing projects; 

 

c. Devising a mechanism for raising funds for Rail infrastructure; 

 

d. Decision Support System for project implementation; 

 

e. Strategic partnerships and transparency in procurements; 

 

f. Aggressive indigenization of imported products; 

 

g. Adopting safety standards matching international practices and setting up of Simulation Center to study causes of accidents.

 

h. Encouraging development of Locomotives, Coaches and Wagon Leasing Market. 

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