Insta
Budget 2019: Railways Will Need Investment Of Rs 50 Lakh Crore By 2030 For Development Of New Infra
Swarajya Staff
Jul 05, 2019, 12:36 PM | Updated 12:36 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Development of new railways infrastructure in the country will require the investment of Rs 50 lakh crore between now and 2030, Finance Minister Nirmala Sitharaman, who is currently delivering her first budget speech, has said.
According to the finance minister, the Public-Private Partnership (PPP) model will be used to bring in new rail infrastructure, including rolling stock. The Financial Express reported that this may lead to the manufacturing of trains by the private sector.
Sitharaman said the government is promoting the development of inland waterways to reduce the pressure on railways. She also pointed to the construction of dedicated freight corridors to free the existing rail lines for passenger trains.
The first full-time woman finance minister also said that a large scale stations modernisation programme will also be launched this year.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.