Railway projects worth Rs 7.33 trillion being executed | The Financial Express

Railway projects worth Rs 7.33 trillion being executed

Presently, the railway’s focus is on the completion of capacity enhancement projects, last mile connectivity projects, national projects and gauge conversion projects, he said.

Railway projects worth Rs 7.33 trillion being executed
Of 49,323 km, 11,518 km length has been commissioned and an expenditure of about Rs 2.35 trillion has been incurred up to March 2022, railways minister Ashwini Vaishnaw informed Lok Sabha on Wednesday.

Indian Railways is in various stages of planning and execution of 452 projects with a total length of 49,323 km costing approximately Rs 7.33 trillion. These include 183 new lines, 42 gauge conversions and 227 doublings.

Of 49,323 km, 11,518 km length has been commissioned and an expenditure of about Rs 2.35 trillion has been incurred up to March 2022, railways minister Ashwini Vaishnaw informed Lok Sabha on Wednesday.

Railway has reviewed all the projects based on last mile connectivity, missing links, traffic potential on the project, capacity enhancement, availability of land, forest/wild-life clearance etc. and based on the review, railway projects have been prioritized. Presently, the railway’s focus is on the completion of capacity enhancement projects, last mile connectivity projects, national projects and gauge conversion projects, he said.

Also Read: Annual cash & bank balance around Rs 2 trn: Investment norms eased for CPSEs’ surplus funds

The completion of railway projects depends on various factors like a quick land acquisition by state governments, forest clearance by officials of the forest department, deposition of cost share by the state government in cost-sharing projects, priority of projects, shifting of infringing utilities, statutory clearances from various authorities, geological and topographical conditions of the area, law and order situation in the area of project(s) site, number of working months in a year for particular project site due to climatic conditions, etc. and all these factors affect the completion time and cost of the project(s). With the above constraints, every effort is being made to execute the project(s) expeditiously, the minister said.

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First published on: 08-12-2022 at 03:15:00 am
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