INDIAN RAILWAYS IN THE UNION BUDGET 2021

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Indian Railways in the Union Budget 2021


Indian Railways papered a National Rail Plan for India 2030, said finance minister adding, "The plan is to create a future-ready railway system by 2030 bringing down the logistic cost for the industry is at the core of the strategy to enable Make In India." 

Sitharaman said it was expected that the eastern and western dedicated freight corridors (EDFC and WDFC) would be commissioned by June 2022. “The following additional initiatives are also proposed. The Sonenagar-Gomoh section of 263 km on EDFC will be taken up in PPP mode this year itself. Gomoh-Dankuni section of 274.3 km will also be taken up shortly in short succession," she said. 

The finance minister said the Railways would take up the future dedicated freight corridor projects — East Coast Corridor from Kharagpur to Vijaywada, East-West Corridor from Bhusawal to Kharagpur to Dankuni and North-South Corridor from Itarsi to Vijaywada. She further added the detailed project report would be undertaken in the first phase. 

She also mentioned 100% broad gauge route electrification would be completed by December 2023. 

Stressing on the passenger convenience and safety, she said the Railways would introduce the aesthetically-designed vista dome Linke Hofmann Busch coaches on tourist routes for a better travel experience for passengers. 

The Finance minister also announced two new technologies — metro lite and metro neo — to provide metro services at much less cost with the same experience, convenience in tier II and tier III cities and peripheral areas. 

Sitharaman also announced that the work would begin soon on the Phase-II of Kochi Metro Railway which would be 11.5 km long and cost ?1,957.05 crores. 

"The budget has focused on bringing safety, quality, and clean transport to the front by announcing a slew of initiatives. Alternate models of Mass transit in the form of metro lite and metro neo will appeal to cities with narrower right of ways and with higher urban density. The continued investment focus on Kochi, Nagpur, Nashik, and Chennai metro will enable completion of various project phases, and investment in the Bangalore suburban railway network will bring relief to urban transport challenges in the IT and R&D hub of the country," said Mohammad Athar (Saif), partner, economic development and infrastructure, PwC India.







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