Record ₹1.10 lakh crore for Railways in Budget, says Nirmala Sitharaman


The Finance Minister applauded the services provided by the Railways to transport essential goods across the country during the coronavirus lockdown.

Finance Minister Nirmala Sitharaman announced on Monday a record sum of ₹1.10 lakh crore for the Railways, out of which ₹1.07 lakh crore is for capital expenditure, and said the national transporter would monetise the dedicated freight corridors after its commissioning.

Presenting the Union Budget 2021-22, Ms. Sitharaman also applauded the services provided by the Railways to transport essential goods across the country during the coronavirus lockdown.

“I am announcing a record sum of ₹1,10,055 crore for railways of which ₹1,07,100 crore is for capital expenditure only,” she said.

“Indian Railways have prepared a National Rail Plan for India 2030. The plan is to create a future ready railway system by 2030 bringing down the logistic cost for industry is at the core of the strategy to enable Make In India,” Ms. Sitharaman said.

She said it was expected that the eastern and western dedicated freight corridors (EDFC and WDFC) would be commissioned by June 2022.

“The following additional initiatives are also proposed. The Sonenagar-Gomoh section of 263 km on EDFC will be taken up in PPP mode this year itself. Gomoh-Dankuni section of 274.3 km will also be taken up shortly in short succession,” she said.

The finance minister said the Railways would take up the future dedicated freight corridor projects — East Coast Corridor from Kharagpur to Vijaywada, East-West Corridor from Bhusawal to Kharagpur to Dankuni and North-South Corridor from Itarsi to Vijaywada.

Ms. Sitharaman said the detailed project report would be undertaken in the first phase.

She said broad gauge route electrification was expected to reach 46,000 route kilometres, which is 72% by the end of 2021 from 41,548 km from October 1, 2020, adding that 100% electrification of such routes would be completed by December 2023.

Stressing on the passenger convenience and safety, she said the Railways would introduce the aesthetically-designed vistadome LHB coaches on tourist routes for better travel experience to passengers.

“The safety measures taken in last few years have have borne results. To further strengthen this effort high density network and highly utilised network routes will be provided with indigenously designed automatic train collision system that eliminates train collusion due to human error,” she said.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Briefing

We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.

.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *