Railways Looking At Ways To Speed Up Electrification Process, Says Piyush Goyal

Railways Looking At Ways To Speed Up Electrification Process, Says Piyush Goyal

The railways ministry is looking at ways to speed up the electrification process as it would help reduce the Rs 16,000 crore bill on diesel, Union Minister Piyush Goyal said today. He said the ministry is consulting all the people who are involved in the electrification process. The important things which are involved in the process include availability of equipment and adequate infrastructure. The Railways Minister said, “we are giving a relook to the ways of speeding up the electrification process” of rail lines across the country. The move would help in cutting down the diesel expenses on Indian railways, which is about Rs 16,000 crore and improving operating ratio of Indian railways, Goyal told reporters here. “We can do lot of savings in that,” he said, adding that the cost on account of power is quite less. Before the BJP-led government came to power, investments on safety related things, track renewal and maintenance were not good and it had impacted the railways, he said. On a question that in terms of investments lot of funding was tied up from LIC, he said: “You will see large drawdowns in the next few days”.  Read More…

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