Rail Budget 2015: Cash-strapped Railways likely to announce less than 100 new trains
Rail Minister Suresh Prabhu is unlikely to announce many rail projects as several unfinished works are already languishing over the years due to lack of funds.
PTI New Delhi Last Updated: February 22, 2015 | 11:23 IST
It has been a popular practice of the Railways to announce launching of about 150 to 180 new trains in its budget every year. About 160 trains were announced last year. (Photo: Associated Press)
With the Railways reeling under a financial crunch, the number of new trains to be announced in the Rail Budget is unlikely to be more than 100, much less than what is the normal practice every year.
Rail Minister Suresh Prabhakar Prabhu, who is considered to be pro-reform, is unlikely to announce many rail projects despite demands from states as several unfinished works are already languishing over the years due to lack of funds.
It has been a popular practice of the Railways to announce launching of about 150 to 180 new trains in its budget every year. About 160 trains were announced last year.
According to sources, Prabhu may just take a different approach by not announcing too many new trains in his maiden Budget speech and instead do it gradually over the course of the year.
"After weighing pros and cons of a radical proposal of not to announce any new train in the Budget, it now seems that a revised proposal is being firmed up for going ahead with announcement of limited number of new trains," they said.
There might also be a proposal to brand some of the trains in a move to generate additional funds.
According to the proposal, these trains will carry advertisements of some popular brands and may even be named on them such as the Coca Cola Express or Haldiram Express.
The Rail Budget is also likely to have proposal for more unreserved trains with general second-class coaches such as the 'Jan Sadharan Express' on popular routes to facilitate travel for the common man.
Besides some popular destinations will be connected with new service as tourist trains.
The Railway Budget will be presented in Parliament on February 26.