NEW DELHI (Metro Rail News): Finance Minister Nirmala Sitharaman allocated a gross budgetary support of Rs 1,10,055 crore for Indian Railways along with a boost of Rs 63,000 crore to the Chennai Metro Rail Project.
“I am providing a record sum of Rs 1,10,055 crore for railways of which, Rs 1,07,100 crore is for capital infrastructure only,” the finance minister said.
Elaborating on the development projects of the Indian Railways, she said, “The Indian Railways has 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.”
She also announced Rs 63,000 crore For Chennai metro in her union budget 2021 speech. Bringing in massive news for daily commuters in Chennai, Sitharaman made the much-awaited announcement. This may help in faster development of the Chennai Metro.
The Sonnagar-Gomoh sections (263 kilometres) of the EDFC will be taken up in the public-private partnership mode in this year itself. Work at the Gomoh- Dankuni section will be taken up in short succession according to her budget speech.
“We will undertake future Dedicated Freight Corridor projects, namely, East Coast Corridor from Karakpur to Vijaywada, East-West Corridor from Busawal to Karakpur to Dankuni and North South Corridor from Itarsi to Vijaywada. Detailed project reports will be undertaken in the first phase,” she further said.
“Broad gauge route kilometres (RKM) electrified is expected to reach 46,000 RKM 72 per cent by end of 2021, from 41,548 RKM on October 1, 2020. 100 per cent electrification of Broad gauge routes will be completed by December 2023,” she said.