MALiGAON, FEBRUARY 1 (MExN): Minister of Railways Ashwini Vaishnaw announced on Thursday that the Gross Budget Allocation for Railway infrastructure projects in North-East for the FY 2024-25 is Rs 10,369 crores. It is 388% higher as compared to average budget allocation of Rs. 2,122 crores during 2009-14.
This was informed during a an interaction with media persons of North-East in connection with the fund allotted in the interim Budget 2024-25 for Railways. Chetan Kumar Shrivastava, General Manager of Northeast Frontier Railway (NFR) and senior railway officials of headquarters were also present, a press release issued by NFR-CPRO Sabyasachi De informed.
While addressing the media persons, the Minister of Railways said that 60 stations in North-East are being redeveloped with world class amenities/facilities. The Minister also informed that the One Station One Product stall operational all over NFR are providing a direct selling market to locally produced items which are getting a good response from passengers with a profitable growth.
The Minister said that physical progress of all the ongoing projects in the North-Eastern region are advancing at a good pace. Despite being in Himalayan region and running through tough terrains, project works are being done going on 24x7 basis for early completion.
This year budget allocation shows unprecedented growth in several segments like new line and doubling projects, track renewal works, traffic facilities, road safety works, bridge works, signalling, workshop modernisation and customer amenities etc. The Minister of Railways also informed that an investment of Rs 81,941 crores is being done in the entire North-eastern region for development of Railway infrastructure.
He also informed that a capital outlay of more than Rs 2.5 lakh crores has been provided in the budget for the Indian Railways.
The Railway Minister mentioned that three major railway corridor programs will be implemented as announced by the Finance Minister in her budget speech. These are energy, mineral and cement corridor; port-connectivity corridor and high-traffic density corridor. They will improve logistics efficiency and reduce transportation cost that will improve safety for passenger trains as well. 40,000 normal railway coaches will be converted to Vande Bharat standards, Finance Minister mentioned.
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