UTILISATION OF SPECIAL RAILWAY SAFETY FUND

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The Railways have planned an expenditure of Rs. 2311 crores from Special Railway Safety Fund (SRSF) of Rs. 17,000 crores during the current financial year 2003-2004. During 2002-2003, it incurred Rs. 2486 crores as against a target of Rs. 2200 crores. In 2001-2002, the first year of the commencement of SRSF, a sum of Rs. 1434 crores was spent.

The non-lapsable SRSF is intended to clear backlog of renewal of arrears of Railway assets as on April 1, 2001. It is programmed for completion by 2006-2007.

The works under SRSF are progressing as per target.

The implementation of SRSF is monitored at Divisional, Zonal and Ministry level regularly. Besides, inter-Ministerial monitoring of SRSF projects is being done to improve safety of rail services to the nation.