Govt. injects Rs. 10,736-cr booster in rail sector
The Union Cabinet approved an investment of Rs 10,736-cr for 5 railway projects involving decongestion of the existing network by doubling and tripling of existing lines. Most of these lines are over-saturated with a capacity utilisation of more than 100% and that the doubling and tripling projects would benefit multiple states including Gujarat, Maharashtra, Uttar Pradesh, Odisha, and Andhra Pradesh, Rail Minister, Suresh Prabhu, said. Elaborating that the funds for implementing the projects would be sourced through a combination of Gross Budgetary Support (GBS) from the Finance Ministry and Extra Budgetary Resources (EBR), and all these projects would be completed in a period of 3-5 years.
