Visakhapatnam, Nov 1 (UNI) Railway Board Chairman K C Jena said the Indian Railways had recorded a surplus of Rs 20,000 crore during the last fiscal and is expected to make Rs 30,000 crore in the current fiscal.
Addressing the press here today on the concluding day of his two-day visit to the Waltair Division, he said during the XI Plan, an investment of Rs 750 crore will be made for increasing freight traffic to the tune of 1,100 million tonnes by improving the rail network in the country.
Allocation of funds to the tune of Rs 245 crore had been made during 2007-08 and Rs 370 crore during 2008-09 respectively with a hike of 50 per cent for the developmental works in the Waltair Division, he said.
The Railways were looking forward for higher growth, with Andhra Pradesh being given top priority in the area of gauge conversion and infrastructure development to correspond and support developments taking place in the industrial and port sectors.
The Railways will pick up five stations, each in each division to be developed into model stations.
Two major rail corridors --one on the eastern board and another on the western side-- were being developed especially for enhancing the freight traffic.
MORE UNI BSR GM RSA DS1401