Highlights of Railway Budget 2024-25
Highest ever allocation of Rs.9,138
Crore in budget 2024-25 to the state of of Andhra
Pradesh which is 8.7 % more than the budget
allocation made last year to SCR in budget 2024-25
- Allocation of Rs.300 Crore for Kotipalli–Narsapur new line project.
- Allocation of Rs. 500 Crore has been allotted for Vijayawada
– Gudur 3rd line project
The
General Budget 2024-25, which includes the Railways, was presented on the floor
of the Parliament on 01st February, 2024. The Pink book, a
compendium containing all the details about the infrastructure works, demands
for grants and comprehensive details of budgetary allocations for carrying out
various works in Railways, has been tabled in the Parliament.
Brief
highlights about Railway Budget on Indian Railways perspective.
Ø
This year, Indian Railways has been allotted
its highest ever budget outlay of Rs. 2,52,000 Crore.
The total Budget allocation for Infrastructure projects &
safety works, falling fully / partly in State of Andhra Pradesh for 2024-25 is
Rs 9,138 Crore as against Rs 8,406 Ccrore in 2023-24. This is 8.7 % more than
the budget allocation made last year. The Budget allocations to Andhra Pradesh
have been witnessing sustained increase, with current year’s allocation being
almost ten times the average allocation done during 2009-14.
The details of the Budgetary allocations of
2024-25 in Indian Railways perspective for the state of Andhra Pradesh are as
below:-
The Allocations for ongoing New Line Project: -
Ø Rs.300 Crore has been allotted for Kotipalli–Narsapur new line project:- The project was sanctioned in the year 2000-01 for a distance of 57 Kms with a sanctioned cost of Rs. 2,120 Crore. 25% of the project cost is to be shared by the Government of Andhra Pradesh. The new line works in this section involves construction of important major bridges on Gowthami, Vynatheya and Vashista rivers, which are in progress.
The allocations for some of the important
Doubling / Third Line as well By-Pass line projects:-
Ø Rs. 500 Crore has been allotted for Vijayawada – Gudur 3rd line project:- The 3rd Line project was sanctioned in the year 2015-16 for a distance of 288 kms with a sanctioned cost of Rs. 3549 Crore. Execution of works has been commenced in three phases between Gudur- Bitragunta, Karavadi - Bitragunta and Krishna Canal - Karavadi simultaneously. The section between Gudur - Singarayakonda for 127 Kms and Bapatla - Karavadi for 61 Kms (totalling to188 Kms) has been completed. Balance works are in fast progress.
Ø
Rs. 310 Crore has been allotted for Kazipet – Vijayawada 3rd
line project:- The 3rd Line project was sanctioned
in the year 2012-13 for a distance of 220 kms with a sanctioned cost of Rs.
1,953 Crore. The section between Vijayawada - Errupalem for a distance of 33
Kms & Warangal - Nekkonda for a distance of 32 Kms is completed. The works
in the remaining sections are progressing well.
Ø
For Bypass lines: Rs.
209.8 Crore has been allotted for construction of By-Pass lines at Vijayawada
(19.5 Kms), Kazipet (10.65 Kms), Renigunta (9.6 Kms) and Wadi (7.6 Kms)
covering Andhra Pradesh, Telangana and Karnataka states. Works
are in fast progress.
Under Mission Electrification, towards 100% electrification of the existing Broad Guage(BG) lines, the allocation for the current year is Rs 224.59 Crore for South Central Railway Zone
Details of allocations for other important
Projects across the SCR Zone are: -
Ø Rs.300 Crore has been allotted for Kotipalli–Narsapur new line project:- The project was sanctioned in the year 2000-01 for a distance of 57 Kms with a sanctioned cost of Rs. 2,120 Crore. 25% of the project cost is to be shared by the Government of Andhra Pradesh. The new line works in this section involves construction of important major bridges on Gowthami, Vynatheya and Vashista rivers, which are in progress.
Ø Rs. 500 Crore has been allotted for Vijayawada – Gudur 3rd line project:- The 3rd Line project was sanctioned in the year 2015-16 for a distance of 288 kms with a sanctioned cost of Rs. 3549 Crore. Execution of works has been commenced in three phases between Gudur- Bitragunta, Karavadi - Bitragunta and Krishna Canal - Karavadi simultaneously. The section between Gudur - Singarayakonda for 127 Kms and Bapatla - Karavadi for 61 Kms (totalling to188 Kms) has been completed. Balance works are in fast progress.
Under Mission Electrification, towards 100% electrification of the existing Broad Guage(BG) lines, the allocation for the current year is Rs 224.59 Crore for South Central Railway Zone
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