Rashtriya Rail Sanraksha Kosh of Railways
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 Rs.1 lakh crore over a period of five years, having an assured annual outlay of Rs.20,000 crore with Rs.15,000 crore as contribution from Gross Budgetary Support and Rs.5,000 crore from internal resources of the Railways. In 2017-18, out of the outlay of Rs.20,000 crore, expenditure of Rs. 16091 crore has been incurred out of RRSK. In the current year also a provision of Rs.20,000 crore has been made in Budget Estimate and Rs.3256 crore have been spent till 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.
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