Indian Railways Invests Rs 11,500 Cr For 58 Critical, 68 Super-Critical Projects (Full Details)
The Indian Railways has announced that an investment of more than Rs. 115000 crores is on the table for about 58 critical projects and 68 super critical projects.
As of last year, the Indian Railways has completed and delivered some major projects in states like Assam, West Bengal, Maharahstra, and Uttarakhand.
Read on to find out all the details about the new projects by Indian Railways.
Indian Railways To Invest 115000 Crores For Projects
58 projects have been identified by the Indian Railways that are of the length of 3,750 km and will cost Rs 39,663 crore. Of these, 27 projects are expected to be completed by December 2021. Whereas two other projects are expected to be delivered by March 2022.
These projects, along with 68 projects of the length 6913 km and cost Rs 75,736 crore have been commissioned. As per reports, these projects of multi-tracking, i.e., Doubling/Third Line/Fourth Line are on busy routes.
Reportedly, the 68 projects that are to be completed in the next phase have been considered as critical projects. These 68 projects are all civil projects, as in they are related to electrification and signalling works.
How Will These Projects Help
When these routes are completed, the Railways will be able to operate more traffic at a higher speed. Also, there will be added safety on these dense / saturated / busy routes. Based on the density of the traffic, type of material to be carried, strategic importance of the route, the projects that are in requirement of immediate expansion have been classified as critical category which make 58 projects.
The Minister of Commerce and Industry and Railways, Piyush Goyal has announced to target manufacturing 8000 locomotives, coaches and wagons in the upcoming FY22, bearing a cost of Rs 40,000 crore.
In the 3rd edition of ‘Smart Railways Conclave’, organised by FICCI, Goyal expressed his vision on the evolution of Indian Railways.
This would help IR to compete with roadways which commands the bulk of automobile freight, a sector which has got `57,000-crore PLI incentive.