While last mile connectivity projects continue to be
accorded the highest priority, the Railways intend to fast track the
sanctioned works on 7,000 kms of double/third/fourth lines and
commission 1200 km in 2015-16 at an investment of Rs. 8686 crore.
Presenting the Railway Budget 2015-16 in Parliament today Railway
Minister Shri Suresh Prabhakar Prabhu said this budgetary allotment
under Capital is 84% higher than 2014-15. He said, “We also intend
commissioning 800 km of gauge conversion. Additionally, we have
sanctioned 77 projects covering 9,400 km of
doubling/tripling/quadrupling works along with their electrification at a
total cost of Rs. 96,182 crore which is over 2700% higher in terms of
amount sanctioned in 2013-14, 2014-15 being a Plan holiday”.
The Minister said the priority for undertaking projects has been determined by a designated committee for capacity enhancement, revenue generation and decongestion. He said negotiations are on with financial institutions for funding of these projects through extra budgetary resources. These projects cover almost all States, the Minister added.
Courtesy: pib.nic.in
The Minister said the priority for undertaking projects has been determined by a designated committee for capacity enhancement, revenue generation and decongestion. He said negotiations are on with financial institutions for funding of these projects through extra budgetary resources. These projects cover almost all States, the Minister added.
Courtesy: pib.nic.in
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