Home » Infrastructure » Railway’s Capex for the year 2018-19 Pegged at Rs.1,48,528 Crore

Railway’s Capex for the year 2018-19 Pegged at Rs.1,48,528 Crore

In keeping with the Government’s focus on strengthening the Railways network in the country the General Budget 2018-19 has enhanced the allocation for the Ministry. Presenting the Budget in the Parliament here today,  the Union Minister for Finance & Corporate Affairs, Shri Arun Jaitley said that Railways’ Capex for the year 2018-19 has been pegged at Rs.1,48,528 crore.  A large part of this will be devoted to capacity creation.  18,000 kilometers of doubling, third and fourth line works and 5000 kilometers of gauge conversion would augment capacity and transform almost the entire network into Broad Gauge. Shri Jaitley also said that 4000 kilometers of railway network are to be commissioned for electrification during 2017-18. The Finance Minister, Shri Jaitley announced that 12000 wagons, 5160 coaches and approximately 700 locomotives are being procured during 2018-19, and the work on Eastern and Western dedicated Freight Corridors is in full swing.  A major programme has been initiated to strengthen infrastructure at the Goods sheds and fast track commissioning of private sidings.

Shri  Jaitley has assured that adequate funds will be available under Rashtriya Rail Sanraksha Kosh. Over 3600 kms of track renewal is targeted during 2018-19. There will  be increasing use of technology like ‘‘Fog Safe’’ and ‘‘Train Protection and Warning System’’. 4267 unmanned level crossings in the broad gauge network will be eliminated in the next two years.Modern train-sets with the state-of-the-art amenities and features are being designed at Integrated Coach Factory, Perambur. First such train-set will be commissioned during 2018-19. Redevelopment of 600 major railway stations is being taken up by Indian Railway Station Development Co. Ltd.  All stations with more than 25000 footfalls will have escalators.  All railway stations and trains will be progressively provided with wi-fi.  CCTVs will be provided at all stations and on trains to enhance security of passengers. The Finance Minister has informed that 90 kilometers of double line tracks are being added to Mumbai’s transport system at a cost of over Rs.11,000 crore. 150 kilometers of additional suburban network is being planned at a cost of over Rs.40,000 crore, including elevated corridors on some sections. In Bengaluru, a suburban network of approximately 160 kilometers at an estimated cost of Rs.17,000 crore is being planned to cater to the growth of the metropolis.

Foundation for the Mumbai-Ahmedabad bullet train project, India’s first high speed rail project was laid on September 14, 2017. An Institute is coming up at Vadodara to train manpower required for high speed rail projects.

About Indianindustry Media

Leave a Reply

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

*

x

Check Also

Commerce & Industry Minister to launch curtain raiser of GES 2019

Union Minister of Commerce and Industry & Railways, Piyush Goyal, will launch the curtain raiser ...

Shri Dharmendra Pradhan reviews performance of NMDC

Union Minister of Petroleum & Natural Gas and Steel Shri Dharmendra Pradhan visited the Corporate ...

OMC BAGS NATIONAL AWARD

Odisha Mining Corporation (OMC) is fast emerging a frontrunner in its role as a responsible ...

India to achieve USD 26 Billion Defence Industry by 2025: Rajnath Singh

Raksha Mantri Shri Rajnath Singh has said the Government is committed to work towards achieving ...

FM: CCI should safeguard Indian enterprises from abuse by overseas entities 

Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman said  that Competition Commission of India ...

WTO reforms must be taken up by all member countries: Piyush Goyal 

The time has come to take on the policies of protectionism and unilateral measures by ...

Sridhar Patra to take over as CMD, Nalco

 Sridhar Patra has been selected by the Public Enterprises Selection Board (PESB) for the post ...

NALCO apprentice trainee died, family compensated

Apprentice trainee at NALCOs Smelter Plant, Angul Shri Rajanikant Parida breathed his last yesterday, August ...

NALCO, NIT-Rourkela & NITRAA supported by IIT, ICT, Dept. of Science & Technology, come together to set up Centre of Excellence to promote entrepreneurship for Start-up companies  

   In yet another step of NALCO’s Journey of Excellence, the Navratna PSU has inked a ...

Exchange Rates Notification No.52/2019-Custom (NT) dated 18.07.2019 

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 ...