Rolling Stock Program, RSP

Rolling Stock Program (RSP): 

Plan Head 21: 

Annual requirement of rolling stock is derived as a follow up of the Five Year Plans. The planning process for the Five Year Plans as given in Chapter VIII of the Indian Railway Administration and Finance "Operational and Financial Planning" is spelt out below:  

a. Appointment of Steering Groups consisting of representatives of various economic Ministries well in advance of the commencement of  Five Year Plan for covering various facets of the plan. 

b. Setting up of Working Groups by each Ministry. The Ministry of Railways is generally the convener of the Working Groups on— 

i. Freight traffic projections: 

ii. Passenger traffic projections; and 

iii. Formulation of Railway Development Programs. 

c. The Working Groups after taking into consideration the total freight and passenger traffic likely to be carried in plan period on the basis of sectoral analysis fix the traffic targets and then examine it to determine the requirement of the rolling stock in respect of wagons, carriages and locomotives. 

d. The draft plan thus prepared is taken up for detailed discussion and adjustment made depending upon the financial resources available.  The final plan thus emerged is subject to periodical reviews based on the growth of expected traffic. This review is conducted jointly between the economic Ministries and shortfalls and fluctuations are analyzed and necessary alterations made in the plan. 

e. The Five Year Plan is implemented through an action oriented annual plan prepared in consultation with Finance ministry.