The Young Chronicle: For 4th Graders 29th February, 2015

YOUNG CHRONICLE The Rail Budget Here are more pointers on the Rail Budget – We all know about freight or goods trains. Many businesses and farmers use these trains, to transport goods. The Railways has a lot of regulations regarding the entire process of transporting the goods. Many of these regulations will be deregulated, making it easier to transport goods. – The railways has created a framework to invite private investment and is forging jointventures with states and Public Sector companies. – Railway expenses will be increased by 2600 % – The transformation of Railways will have huge opportunities for the ‘Make In India’ campaign launched by the Modi government, last year. – Speedier Railways – 9 hi-speed train corridors will be introduced. To create train tracks to accommodate high-speed trains, is the highest priority. – Modern trains called “Train sets”, will save 20% journey time within next 2 years – 1000MV Solar plants will set-up via private partnerships, by the railways, to bring about the electrification of the railways. – 77 new projects will come up, which will double, triple/quadruple electrification. – A new State of the art cargo center will come up, for perishable goods, for farmers. – 330% increase in the electrification of railways over the previous year. – New Satellite railway terminals will be established in 10 major cities – Request all MPs to use a part of their funds to improve the customer amenities at the platform – 120 crore has been provided for new installation of new lifts and escalators to facilitate movements

The Young Chronicle: For 4th Graders 29th February, 2015 | Page 4