Railways to invest Rs.80000 Crore on Infrastructure in 3 years

Railway Infra projectsThe Ministry of Railways on Thursday claimed a paradigm shift in laying of tracks by stating that it would spend Rs.80,000 crores in the next three years on civil and signalling works for capacity augmentation works.

The railways stated that with assured funding of projects in place, the works have picked up substantially and it would achieve the target of laying 19 kms a day of new tracks in 2018-19 financial year.

“The financial allocation for taking up rail line projects for doubling, broad gauge conversion, and new lines has substantially improved from just Rs 7,600 crores in 2007-08 to Rs 46,000 crores in 2016-17. We now have assured funds at our disposals, and projects are now no more stuck for lack of financial allocation,” said Mr V.K. Gupta, Member-Engineering, Railway Board.

He informed that while the railways commissioned 2,828 kms of new rail lines, doubling, and broad gauge conversion in 2015-16 financial year, the target is to commission 2,900 kms in the current fiscal.

He added that the railways would commission 7,000 kms of new lines, doubling, and broad gauge conversion in the 2017-18 financial year and the same would be 7,000 kms in 2018-19.

“We have made it a norm to distinguish between the completion of projects and their commissioning. Even while a project may be completed it may take years for commissioning. Therefore, we are only giving figures for what have been commissioned,” said Mr Gupta.

He stated that only about 30 kms of meter gauge track length have been left for conversion in the north-east region into broad gauge.

He also added that nearly one-third of the new commissioned rail tracks are new lines, thus helping in addressing the issue of capacity constraints in the Railways.

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