Indian Railways would soon announce a Rs 10 lakh-crore high-speed train corridors construction plan to connect all major cities in the country, covering almost 10,000 kilometres, along the lines of the government’s Bharatmala highways development programme.
“The plan would be announced in April,” a top rail ministry official said. “We’ll unveil the routes that would be connected along with the funding mechanism,” the person told ET.
Trains would be able to run at 200 km per hour on the new rail lines that would come elevated atop the existing or upcoming national highways or on rail land that runs parallel to existing rail routes, the official said.
Railways would come out with large tenders, inviting all global majors, to keep the cost of construction minimal. The government plans to build double lines on single pillars to halve the cost of construction from Rs 200 crore per km to Rs 100 crore per km. Read More…
Latest posts by The Economic Times (see all)
- Refiners To Pay Iran For Oil In Rupee - September 20, 2018
- IGL to set up 60 CNG stations, give 2 lakh connections in FY19 - September 19, 2018
- DSF Bid Round II expected to yield revenue of $15.3 billion - September 19, 2018