Railways to spend Rs 2 trillion on modernisation and expansion
PM News Bureau
indian Railways will be investing Rs 2 trillion on
modernisation, capacity increase and completion of new projects during the 11th
The Railways has also decided to invite public-private partnership in non-core
sectors like setting up of logistics parks, upgradation of 26 railway stations
to world-class levels, and eastern and western dedicated freight corridors.
The plan also includes wagon investment schemes, new factories for production of
wagons, coaches and locomotives, wagon leasing schemes, and setting up more than
7,000 agricultural outlets at railway stations throughout the country.
In view of the growing demand for freight and reduce congestion on existing
railway lines, the Railways has decided to construct dedicated freight
corridors. In phase-I, the western corridor from Delhi to Mumbai and eastern
corridor from Lothian to Collate will be constructed, and in phase-II, a
dedicated freight corridor will be constructed to link other parts of the
[May 26-June 1, 2008]