Indian Railways has proposed its highest plan outlay of Rs 1.46 lakh crore for the next fiscal, up from Rs 1.31 lakh crore for the current financial year.
The next plan outlay will focus on electrification of about 8,000 km of rail tracks, and commissioning of 4,000 km of new rail lines including doubling, construction of new lines and gauge conversion.
Railways will also renew 4,000 km track route, a top rail ministry official said.
“Electrification works would be our priority as electrified routes will immediately reduce the operational costs. Plans to gradually phase out diesel run locomotives are also on,” the official said. In the next fiscal, railways is likely to acquire around 13,000 wagons, more than 600 locomotives (mostly electric) and almost 5,000 passenger coaches, most of them of safer LHB technology. Read More…