OREANDA-NEWS. May 4, 2012. Modernisation is an integral part of investment by Railways under various Plan heads. An outlay of Rs. 7.35 lakh crore has been proposed by the Ministry of Railways for the Twelfth Five Year Plan. The major objectives of the Twelfth Five Year Plan are improving safety, modernisation and capacity augmentation.

 Modernisation is an ongoing exercise and many activities for augmentation of safety and capacity augmentation also result in modernisation. For financing these projects allocation of adequate Gross Budgetary Support as envisaged in the proposal of the Twelfth Five Year Plan, successful implementation of Public Private Partnership (PPP) and mobilization of internal resources through conventional and non-conventional means, would be necessary for which all out efforts are made.