Railway Budget 2007-08: New Train between Coimbatore & Nagercoil
The highlights of the Railway Budget 2007-08, presented in Lok Sabha on Monday by Union Minister for Railways, Lalu Prasad Yadav as below.
- No increase in passenger fares for any class of travel
- No across-the-board increase in freight rates
- Freight rationalisation process to continue in 2007-08
- 5 per cent cut in freight rates for diesel, petrol
- 6 per cent reduction in iron ore, lime stone
- 10% surcharge on Iron Ore freight on busy route dropped
- Discounts in fares during Busy and Lean season
- During busy season maximum discount of 4 per cent in AC Chair car and new sleeper coaches with 84 berths
- During lean season maximum discount is 8 per cent in AC Chair car and AC 3-Tier with 81 berths
- Busy period will be April 16-July 14 and September 16- January 14
- Lean period to be from January 15 to April 15 and July 15 to September 15.
- Proposed introduction of Tourist tickets for any station to any station in Mumbai suburban area as a pilot project
- Tourist ticket for first class shall be 4 times the second class tourist ticket fares
- Freight earnings register growth of 17 per cent
- New Electric Loco works to be set up at Madhepura
- Wagon Bogie Complex to be set up at Dalmia Nagar
- Shortfall of rolling stock bogies to be met by setting up a joint venture company with Kerala Government at Alleppey.
32 pairs of new trains announced by the Railway Minister, which inclues Coimbatore-Nagercoil Express via Madurai (Daily) also.
