New Delhi, Feb1 (UNI) Union Finance Minister Nirmala Sitharaman on Monday allocated Rs 1,10055 crore for Indian Railway for the year 2021-22.
Presenting the Union Budget for 2021-22 in the Lok Sabha, the Finance Minister has given an outlay of Rs 1,07,100 crore for capital expenditure.
Noting that the Government is to create a future- ready Railway System by 2030, Ms Sitharaman said, “ Indian Railways had prepared a National Rail Plan for India 2030. This plan is to create a future ready railway system by the 2030 , bringing down the logistic cost of the industry which is at the core of s strategy to enable ‘Make in India’. I am Providing a record of Rs 1,10,055 crore for Indian Railway out of which Rs 1,07,100 crore has been provided for capital expenditure”.
Ms Sitharaman also said that in view of strengthening the higher density routes will be provided with indigenously designed and built automatic train operation system will be installed to eliminate train collision due to human error.
She also said that entire broad gauge rail network will be electrified by the December 2023.
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