Railway rolls out Rs.96,000 cr investment plan

    Railway rolls out Rs.96,000 cr investment plan
    In a bid to revamp the creaking infrastructure, the Indian Railways has lined up mega investment plan worth Rs. 96,000 crore to scale up its operations across networks including a new $3-billion electric locomotive unit and a station development plan for large cities. The railways is planning extensive consultations to work out a model that serves the twin goals with the minister maintaining that funds are not going to be a constraint. Railways’ capex has increased from Rs.35,000 crore five years ago to Rs.1.3 lakh crore during the current fiscal, which is partly led by the need to step up public investment at a time when the private investment remains muted due to excess capacity and stressed finances of several Indian companies. Complete modernization of railways’ signaling system, including automation at a cost of Rs.78,000 crore, is expected to get approval in the Budget. The Budget is set to focus on electrification as railway has advanced the deadline for completing switchover from diesel to electric by two years to 2020. As Railways may get Rs.65,000 crore as gross budgetary support, an increase of Rs.10,000 crore from the last one, it will generate funds from internal resources and also from market to meet the huge requirement for infrastructure modernization.
    CURRENTLY ONLINE
    We have 1067 guests and no members online

    NBM&CW

    New Building Material & Construction World

    New Building Material & Construction World
    MGS Architecture

    Modern Green Structures & Architecture

    Modern Green Structures & Architecture
    L&ST

    Lifting & Specialized Transport

    Lifting & Specialized Transport
    II&TW

    Indian Infrastructure & Tenders Week

    Indian Infrastructure & Tenders Week