Railways for Capacity Creation and Modernisation
Acceleration in Railway’s traffic growth is closely linked with rate of economic growth, investment in capacity creation and modernization. Development of Dedicated Freight Corridors and capacity enhancement on high-density network has been taken on hand. Capacity creation and modernization has been embraced as the main priorities for XII Five Year Plan.
Increasing Railways’ share in the country’s GDP to three percent is predicted upon annual growth of 10 per cent in traffic consistently. This, in turn, is dependent on creation and augmentation of capacity and massive investment in modernization estimated at Rs.14,00,000 crore in Vision 2020. Investment in capacity creation and modernization is an ongoing process and efforts at revenue generation through non-conventional sources are also underway.
This information was given by the Minister of State for Railways, Shri K. H. Muniyappa in reply to a written question in Lok Sabha today.
No comments:
Post a Comment