Departing from normal practice, Lalu Prasad announced an across-the-board 2% cut in fares of ordinary and AC class.
- All AC and Mail Express fares cut by 2%
- Freight rates kept unchanged
- Freight has grown at the rate of 8% in the past five years. Freight loading in the current year has come down due to economic downturn, because of which revenue has fallen. Otherwise it would have touched Rs one lakh crore.
- 43 new trains to start in 2009-10, extension of 14 trains envisaged and frequency of 14 trains to be increased.
- Kolkata Metro will be expanded
- Railways cash reserves touched Rs 90, 000 crore
- Railways have raised $100 million at 4% interest
- Railways expected to show a surplus of Rs 18,847 crore in the next fiscal.
- Feasibility study underway for bullet trains between Delhi-Amritsar, Ahmedabad-Pune, Hyderabad-Vijaywada- Chennai, Chennai-Bangalore, Delhi-Patna, Kolkata-Haldia and Ernakulam-Howrah.
- Dedicated freight corridor from Ludhiana to Kolkata to be inaugurated later this month
- Railway line between Anantnag and Rajwansher in Kashmir valley will be extended to Qazigund in four months
- 4 call centres set up for railway enquiry
- Invested Rs 70, 000 crore out of surplus in last four years
- To invest Rs 2, 30,000 crore in the 11th Plan
- Decrease in the number of accidents in Railways since 2003
- Passenger volume likely to grow by around 7% over previous year
- Estimated freight earnings for next fiscal pegged at Rs 59,059 crore
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