Budget injects booster to bullet train network

finance minister
In a major boost to rail infrastructure, the FM in its Budget proposals has committed to introduce 400 Vande Bharat high-speed trains and build 100 PM Gati Shakti cargo terminals in the next three years. Apart from this, the national transporter will also build upon the concept of 'One Station, One Product' that will help develop efficient logistics for farmers, agri-enterprises and local businesses. The 'One Station One Product' concept had been aimed to help local businesses and supply chains. The FM informed that the cargo terminals will be built for multimodal logistics. The railways have been allocated ₹2.38 lakh crore for capital spending in 2022-23 budget, as against ₹2.15 lakh crore capital expenditure allocated last year. The, 2,000 km of rail network will be brought under Kavach, an indigenously developed anti-collision system to prevent accidents that will help the railways achieve its goal of zero accidents. Kavach is SIL4 (safety integrity level) certified, which means there will be a probability of a single error in 10,000 years.