Rs.73000 crore investment in the railways next year: Piyush Goyal

Bengaluru Traffic Congestion Will Be Eased Through Suburban Railway Plan Goyal

Indian Railways will have 10,000 km of high-speed rail corridors for trains to run at speed of 200-250 km per hour by April 2018, as projected by the ministry of railways, says a report in The Times of India.

The report says that high speed corridors - nearly a 10,000 km stretch - will be announced in April and Railways Minister Piyush Goyal has been tasked with overseeing the successful completion of the project without any escalation in the budget allocated.

He added, "The plan is to ensure that the train reaches the destination at a time that gives the traveller enough time to attend office after reaching home".

For this, passengers can use overnight trains instead of bullet trains running at speeds of 350kmph. These routes would compete with short-haul air travel.

At the same time, Railways is mulling how to reduce costs.

Rubbishing charges of the TMC that the Budget had slashed allocations to West Bengal, the Minister said that maximum allocation has been given to West Bengal despite the fact that they do not cooperate in providing land nor for project.

Sources told the newspaper the sector is targeting to cut the cost of construction of high speed tracks by less than half from the current Rs 100 crore per km approximately.

Half the amount will be spent on speeding up travel by upgrading existing corridors, including Delhi-Mumbai and Bengaluru-Hyderabad, into high-speed corridors.

Talking to mediapersons here on the sidelines of a function, Mr Goyal said the NDA government in 2014 got the poor performing Indian Railways in legacy. Railways plans to monetize assets to generate revenues for further work.

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