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As per budget, there are 240 ongoing works having throwforward of more than Rs. 46,000 crore under the Plan head New Lines, Gauge Conversion, Doubling, Railway Electrification and Metropolitan Transport Project. These projects, excluding 5 projects which are at various stages of approval, are progressing as per the availability of funds. A number of non-budgetary initiatives have been taken to generate additional resources through Public/Private partnership, State Government sharing, funds from Ministry of Defence, additional budgetary support for National Projects and through National Rail Vikas Yojana.
Apart from this, Remote Area Rail Sampark Yojana has been announced which envisages investment of about Rs. 20,000 crore in 5 years.
With these initiatives, all the ongoing projects are likely to be completed in a period of five years.
The above information was given by the Minister of State in the Ministry of Railways Shri R. Velu in a written reply to a question in the Lok Sabha today.
HB:BKS:CKB
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