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 Transport

Bengaluru’s Pink Line 95% Complete

Bengaluru Metro Rail Corporation Limited (BMRCL) has announced that 95% of the tunneling work for the Pink Line of Namma Metro is complete, with the 21-km stretch expected to be operational by 2026. The corridor runs from Kalena Agrahara in South Bengaluru to Nagawara in the North, including a 13.8-km underground section from Dairy Circle to Nagawara. BMRCL Chief Engineer (Underground), Subrahmanya Gudge, highlighted that the Pink Line stations will generally have only two entries, except MG Road Metro station, which will feature four to prevent road crossings. He also emphasized how lessons ..

Next Story
Infrastructure Transport

Jogighopa Terminal Boosts Trilateral Trade

Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal inaugurated an Inland Waterways Terminal (IWT) on the Brahmaputra in Assam’s Jogighopa. The terminal, built at a cost of $9.8 million is set to enhance trade and connectivity in Eastern India. To mark the occasion, the Minister flagged off two ships, MV Padma Navigation-II and MV Trishul, and two barges, Ajay and Dikshu, carrying 110 metric tonnes of coal and stone chips to Bangladesh. “The IWT terminal at Jogighopa is set to transform the connectivity in the region and bolster our trilateral trade with Bhutan and Banglad..

Next Story
Infrastructure Transport

IRCON Wins $75M Mumbai Metro Line 6 Contract

The Mumbai Metropolitan Region Development Authority (MMRDA) has declared IRCON International the lowest bidder for Package CA-233 of Mumbai Metro Line 6 (Pink Line), a 15.18 km corridor connecting Swami Samarth Nagar (Lokhandwala) to Vikhroli. MMRDA floated the tender in January 2024 with an estimated cost of $71 million. Four firms submitted bids, with three qualifying for the financial evaluation stage. IRCON emerged as the lowest bidder with an offer of $75 million—just 6.71% above MMRDA’s estimate. Financial Bids (? billion/million): IRCON International – Rs 6.27 billion ($75 mil..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?