Railways revenues up 12% til December 2008

13 Feb 2009 | 12:50 Railways revenues up 12% til December 2008

Railway Minister Lalu Prasad today said the average freight revenue rate of railways was up 3-8% in five years. At the time of unveiling an interim railway budget for 2009-10, he said the planned investment of railways in the 11th five year plan is pegged at Rs 2.3 lakh crore. He said railways had already spend Rs 70,000 crore out of cash surplus in the past four years

He said 1,100 kilo metre of new rail lines were installed in last five years. He said goods train will have 78% more capacity and passenger trains will have 22% more capacity

He said revenues were up 12% in the current financial year, till December 2008, which was more than expected


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