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Gross traffic receipts likely to grow 9%

Posted on Feb 26, 03:53PM | IBNS

New Delhi, Feb 26 : Railway Minister Pawan Kumar Bansal on Tuesday said that a target of 1047 MT of revenue earning originating traffic has been kept for 2013-14, which is about 40 MT more than the current year.

The freight earnings target has accordingly been set at Rs 93,554 crore, a growth of 9%, he said.

The number of passengers is expected to increase by 5.2% and the passenger fare earnings target has been kept at Rs 42,210 cr.

While presenting the Railways Budget for 2013-14 in the Parliament, he said that factoring in the impact of expected growth of 11% and 10% in other coaching and sundry earnings respectively are expected to be Rs 1,43,742 cr, an increase of Rs 18,062 cr over the revised estimates of 2012-13.

Ordinary working expenses have been fixed at Rs 96,500 cr i.e. 14% higher than the current year. After appropriations to various funds, the year 2013-14 is likely to see a balance of Rs. 12506 cr in the Railway funds, he said.