Rail Budget: Railways to double spend on track electrification
Rajat Arora: New Delhi, Feb 26 2013, 11:03 IST
on investments are faster,” railway board chairman Vinay Mittal told FE earlier.
At present, 31% of the 64,000-kilometre railways’ network is electrified.
“Putting electrification target on fast track remains imminent for the railways as in 2012-13, the overall bulk diesel cost went up by over R15 a litre, an increase of over 33%,” said a senior rail board official.
At present, the total fuel bill of railways is around R20,000 crore (R12,500 crore for diesel and R7,500 crore for electricity). Thanks to the increase in diesel prices, the fuel bill will increase by at least 15%.
All new rail track projects are expected to be electrified. The ambitious 3,300-km dedicated freight corridor project being constructed at the cost of Rs.90,000 crore is also going to be 100% electrified.
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