Indian Railways to transform with $325 Billion investment
RAILWAYS & METRO RAIL

Indian Railways to transform with $325 Billion investment

Indian Railways is on the cusp of a transformational journey as the Union Cabinet, chaired by Prime Minister Narendra Modi, grants approval to seven ambitious multi-tracking projects, injecting a substantial investment of $325 billion. Union Railway Minister Ashwini Vaishnaw, in a recent briefing, underscored the monumental impact these projects are poised to deliver, ushering in a new era of rail efficiency and connectivity.

The crux of these transformative initiatives lies in the strategic integration of the Engineering, Procurement, and Construction (EPC) model, which is set to streamline execution, ensuring rapid development across the board.

Collectively, these projects encompass a length of 2,339 kilometres, serving to expand the existing rail network substantially and providing a significant boost to accessibility and connectivity. Ashwini Vaishnaw emphasised the interdependence of these projects, urging stakeholders to perceive them holistically, as they collectively contribute to the modernization and advancement of Indian Railways.

The projects extend beyond mere expansion, aiming to alleviate congestion and elevate operational efficiency, thus revolutionising the rail ecosystem.

A standout feature of these projects is their complete funding by the central government, underlining a resolute commitment to the comprehensive overhaul of India's rail infrastructure.

Encompassing 35 districts across states such as Andhra Pradesh, Bihar, Gujarat, Jharkhand, Maharashtra, Odisha, Telangana, Uttar Pradesh, and West Bengal, these initiatives are projected to not only elevate infrastructure but also augment freight capacity by accommodating an additional 200 million tonnes of freight traffic annually.

The government's comprehensive presentation accentuates that these projects go beyond infrastructural advancements, serving as catalysts for substantial employment generation. Approximately $70.6 million person-days of work are anticipated to be created for residents in the states where these transformative projects are being executed, reiterating the government's commitment to holistic development and progress.

Indian Railways is on the cusp of a transformational journey as the Union Cabinet, chaired by Prime Minister Narendra Modi, grants approval to seven ambitious multi-tracking projects, injecting a substantial investment of $325 billion. Union Railway Minister Ashwini Vaishnaw, in a recent briefing, underscored the monumental impact these projects are poised to deliver, ushering in a new era of rail efficiency and connectivity.The crux of these transformative initiatives lies in the strategic integration of the Engineering, Procurement, and Construction (EPC) model, which is set to streamline execution, ensuring rapid development across the board.Collectively, these projects encompass a length of 2,339 kilometres, serving to expand the existing rail network substantially and providing a significant boost to accessibility and connectivity. Ashwini Vaishnaw emphasised the interdependence of these projects, urging stakeholders to perceive them holistically, as they collectively contribute to the modernization and advancement of Indian Railways.The projects extend beyond mere expansion, aiming to alleviate congestion and elevate operational efficiency, thus revolutionising the rail ecosystem.A standout feature of these projects is their complete funding by the central government, underlining a resolute commitment to the comprehensive overhaul of India's rail infrastructure.Encompassing 35 districts across states such as Andhra Pradesh, Bihar, Gujarat, Jharkhand, Maharashtra, Odisha, Telangana, Uttar Pradesh, and West Bengal, these initiatives are projected to not only elevate infrastructure but also augment freight capacity by accommodating an additional 200 million tonnes of freight traffic annually.The government's comprehensive presentation accentuates that these projects go beyond infrastructural advancements, serving as catalysts for substantial employment generation. Approximately $70.6 million person-days of work are anticipated to be created for residents in the states where these transformative projects are being executed, reiterating the government's commitment to holistic development and progress.

Next Story
Infrastructure Energy

Centre suggests states to list power firms

Power Minister Manohar Lal urged states and union territories to consider listing their power generation, transmission, and distribution companies on stock exchanges to attract investment and improve operational efficiency. Addressing the media, after a conference of power ministers, Lal highlighted the need for increased capital inflows to meet India’s rising power demand, which has placed added strain on the sector. “With the growing power demand, there is a growing need for investment in the sector and improving operational efficiencies. States may identify and take up utilities for lis..

Next Story
Infrastructure Transport

Metro on backburner as Tricity set to get new e-buses circuit

To boost connectivity for the commuters of the Tricity, a new circuit-cum-network of electric buses (e-buses) is all set to come up that will cover Chandigarh, Panchkula, and Mohali. The move comes days after Union Minister for Housing and Urban Affairs Manohar Lal Khattar said that in Chandigarh the ridership is not according to the criteria set for operating a Metro. He had also said that the option of a pod taxi can also be explored as it will not impact the heritage of the Union Territory (UT).Officials stated that the e-buses decision intends to provide an eco-friendly public transportati..

Next Story
Infrastructure Energy

Rajasthan government plans to develop hi-tech city near Jaipur

On the lines of Gujarat International Finance Tech (GIFT) City and Hyderabad Information Technology and Engineering Consultancy (HITEC) City, Raj govt is gearing up to develop a "hi-tech city" close to Jaipur. Recently, Boston Consulting Group – a multinational consulting firm – gave a presentation on the concept of hi-tech cities, follwing which the state govt has started looking for suitable land on outskirts of Jaipur. "We are going to construct a hi-tech city on the outskirts of Jaipur. We are trying to ascertain the amount of land required for core areas of the city and for areas wh..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000