Rashtriya Rail Sanraksha Kosh for upgradation of critical safety assets
The Fund has a corpus of INR 1 lakh crore over a period of five years, having an assured annual outlay of INR 20,000 crore with INR 15,000 crores as a contribution from Gross Budgetary Support.
The ‘Rashtriya Rail Sanraksha Kosh (RRSK)' has been introduced, as announced by Minister of Finance in his Budget Speech 2017-18, for works relating to renewal, replacement, upgradation of critical safety assets.
The Fund has a corpus of INR 1 lakh crore over a period of five years, having an assured annual outlay of INR 20,000 crore with INR 15,000 crores as a contribution from Gross Budgetary Support and INR 5,000 crore from internal resources of the Railways. In 2017-18, out of the outlay of INR 20,000 crores, expenditure of INR 16091 crores has been incurred out of RRSK.
In the current year also a provision of INR 20,000 crores has been made in Budget Estimate and INR 3256 crores has been spent till the end of June 2018.
The fund under ‘Rashtriya Rail Sanraksha Kosh (RRSK)’ is being utilized to finance safety related works under plan-heads Track Renewals, Bridge Works, Signalling and Telecommunication Works, Road Safety Works of Level Crossings and Road Over/Under Bridges, Rolling Stock, Traffic Facilities, Electrical Works, Machinery and Plant, Workshops, Passenger Amenities and Training/HRD.
This information was given by the Minister of State of Railways, Shri Rajen Gohain in a written reply to a question in Lok Sabha today.