Railways fail to achieve Five-Year Plan targets
New Delhi: Indian Railways could achieve
only 28 per cent of the total 11th Five-Year Plan (2007-12)
targets in the first two years.
"Performance of the Railways, in the first two years
of the plan period, was much below the proportionate targets
as it could achieve only 28 per cent of total plan size,"
according to the latest report of the Comptroller and Auditor
General of India.
It was planned to add 2,000 kms of new lines, convert
10,000 kms of metre/narrow gauge into broad gauge, double the
6000 kms of single track and electrify 3500 kms of routes
during the 11th Plan.
However, in the first two years of the plan period, 513
km (25.65 per cent) of new lines, 2,612 km (26.12 per cent) of
gauge conversion, 789 kms (13.15 per cent) of doubling and
1,299 km (37.11 per cent) of electrification was completed.
According to the CAG report tabled in parliament today,
annual growth rate in passenger earnings declined from a peak
of 15.21 per cent achieved in 2007-08 to 10.52 per cent in
The report revealed that out of 144 ongoing railway
projects, six projects have been delayed by over 10 years. The
anticipated cost of completion of these projects has been
revised to Rs 13,055.47 crore from original cost of 3,463.60
The 11th Plan size of Rs 2,33,289 crore envisages
financing of Rs 63,635 cr through general budgetary support,
Rs 90,000 crore through internal resources and Rs 79,654
crores through extra budgetary resources.
More from India
More from World
More from Sports
More from Entertaiment
- 'Achhe din': Residents of PM Modi's adopted village to get free electricity, work in full swing
- Deepika Padukone, Vin Diesel in first ‘xXx: The Return of Xander Cage’ video – Watch
- Siachen survivor Lance Naik Hanumanthappa brought to Delhi, Army chief Dabir Singh visits RR hospital
- How Lance Naik Hanumanthappa survived 6 days below 25 feet of snow in Siachen
- Siachen miracle: Lance Naik Koppad's wife terms her husband's 'news of being alive' as 'rebirth for family'