New Delhi: Railway Minister Mamata
Banerjee on Thursday met Finance Minister Pranab Mukherjee during
which she is understood to have pressed for additional
allocation for the railway safety fund.
There has been a spate of railway accidents recently and
the railway ministry is actively considering to install
anti-collision devices and train protection warning system in
the rail network to prevent the mishaps.
Since it will require huge investment of funds, the
railway is seeking additional fund to implement the safety
devices.
The railway safety fund came into existence during the
tenure of Nitish Kumar as Railway Minister in 2003. Out of Rs
17,000 crore allocated for the safety fund, Rs 12,000 crore
was shared by the finance ministry. The rest was raised
through cess on railway tickets.
The railways require Rs 70 lakh per kilometre for
implementation of safety devices like train protection warning
system and Rs 22 lakh per kilometre for anti-collision
device.
PTI
First Published: Thursday, February 18, 2010, 23:57