Finance Minister Nirmala Sitharaman on Tuesday said that 100 cargo terminals will be developed during the next three years under the PM Gati Shakti master plan.
"100 PM Gati Shakti cargo terminals for multimodal logistic facilities will be developed during the next three years," the Finance Minister said while presenting the Union Budget in Parliament on Tuesday.
The Gati Shakti - National Master Plan for Multimodal Connectivity was launched by Prime Minister Narendra Modi in October, last year. Gati Shakti -- a digital platform -- aims to bring 16 Ministries including Railways and Roadways together for integrated planning and coordinated implementation of infrastructure connectivity projects. Sitharaman said apart from 100 cargo terminals, 400 new generation Vande Bharat trains with better efficiency will also be brought in the next three years. She said that PM Gati Shakti is driven by 7 engines viz roads, railways, airports, ports, mass transport, waterways and logistics infrastructure.
"All 7 engines will pull forward the economy in unison," the Finance Minister averred.
Sitharaman said that projects, supported by energy transmission, IT communication, bulk water and sewerage, in national infrastructure pipeline which pertains to seven engines will be aligned with PM Gati Shakti Framework.
"Touchstone of the master plan will be world class modern Infra, logistics synergy among different modes of movement and location of projects," she said.
The Finance Minister also apprised that PM Gati Shakti Master Plan for expressways will be formulated in 2022-23, to facilitate faster movement of people and goods. She said that the national highway motorway network will be expanded by 25,000 km in 2022-23 and Rs 20,000 crore will be mobilized to complement public resources.
--IANS
uj/skp/
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU