To Make Indian Railways Globally Best, Govt Eyeing Rs 50 Lakh Crore Investment by 2030: Goyal


To Make Indian Railways Globally Best, Govt Eyeing Rs 50 Lakh Crore Investment by 2030: Goyal

Union Railways Minister Piyush Goyal on Saturday said the government was eyeing investment of Rs 50 lakh crore in Railways by 2030 to make it the best in the world. The minister also said that the rail infrastructure in the country increased by mere 30 per cent in the last 65 years due to the lack of adequate investment.

“The government envisages investment of Rs 50 lakh crore by 2030 in Railways to make it the world’s best railway which will include safety of passengers, expansion of network and increase in freight share,” Goyal said while commenting on the Union Budget which was presented in Parliament on Friday.

“In the last 65 years, the investment had been less in Railways due to which the infrastructure increased by 30 per cent while freight and passenger traffic increased by 1500 per cent,” the minister said, adding that these factors resulted in passengers facing several problems. Read more

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