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RECORD OUTLAY OF ₹ 1,10,055 CRORE FOR RAILWAYS, OF WHICH ₹ 1,07,100 CRORE FOR CAPITAL EXPENDITURE |
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1-2-2021 | |||
RECORD OUTLAY OF ₹ 1,10,055 CRORE FOR RAILWAYS, OF WHICH ₹ 1,07,100 CRORE FOR CAPITAL EXPENDITURE NATIONAL RAIL PLAN FOR INDIA TO CREATE “FUTURE READY” RAILWAY SYSTEM BY 2030 WESTERN DEDICATED FREIGHT CORRIDOR (DFC) AND EASTERN DFC EXPECTED TO BE COMMISSIONED BY JUNE 2022 FUTURE DFC PROJECTS NAMELY EAST COAST CORRIDOR, EAST-WEST CORRIDOR AND NORTH-SOUTH CORRIDOR TO BE UNDERTAKEN INTRODUCTION OF MORE VISTA DOME LHB COACHES ON TOURIST ROUTES INDIGENOUSLY DEVELOPED AUTOMATIC TRAIN PROTECTION SYSTEM FOR HIGH DENSITY NETWORK AND HIGHLY UTILIZED NETWORK ROUTES Indian Railways has received a record outlay of Rs. 1,10,055 crore, of which Rs. 1,07,100 crore is for capital expenditure. This record outlay was announced by the Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman while presenting the Union Budget 2021-22 in the Parliament today. Indian Railways have prepared a National Rail Plan for India – 2030. The Plan is to create a ‘future ready’ Railway system by 2030. Smt. Sitharaman said, “Bringing down the logistic costs for our industry is at the core of our strategy to enable ‘Make in India’.” The Finance Minister announced that Western Dedicated Freight Corridor (DFC) and Eastern DFC are expected to be commissioned by June 2022. Further, the Finance Minister proposed the following additional initiatives to be taken up:
Passenger Convenience and Safety Smt. Sitharaman also proposed following measures for passenger convenience and safety:
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