Railways trail behind 12th plan targets

Political uncertainty — coupled with scandals and faulty planning — is taking a severe toll on the financial and operational health of the Indian Railways.

Internal assessments say in the first two years of the 12th plan period, investments in the railways will be approximately half of the plan targets.

Against double the amount proposed for 2012-13 and 2013-14, the railways will be able to invest only Rs. 1,05,000 crore, according to calculations. The railways are trailing behind targets for capacity creation and physical output. The freight loading achieved in the first year of the plan is 1,010 MT against the plan target of 1,038 MT.

Given the trend, the target of achieving 1,405 MT freight loading in the terminal year of the plan (2016-17) remains a mirage.

Six ministers have led the railways in the past four years, wreaking havoc with the planning and procurement process.

The 12th plan envisages procurement of 1,05,659 wagons. But the process has remained stalled. “The slip-ups from the beginning of the five-year plan have arisen on account of unrealistic projections made by the Railway Board,” sources said.

http://www.hindustantimes.com/India-news/NewDelhi/Railways-trail-behind-12th-plan-targets/Article1-1071556.aspx

Advertisements

The URI to TrackBack this entry is: https://indianrlys.wordpress.com/2013/06/06/railways-trail-behind-12th-plan-targets/trackback/

RSS feed for comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: