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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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