Railway projects account for over 60 per cent of the 358 central sector projects that are facing cost overrun for various reasons, with their cost escalating by Rs 2.46 lakh crore.
Decks are getting cleared for the preparation of detailed project report (DPR) of the viable projects for the further development of railway corridor on a cost-sharing basis between Railways and State through Kerala Railway Development Corporation Ltd (KRDCL).
The massive allocations made in the Union Budget to expedite ongoing and new railway lines could see Karimnagar town emerging as the biggest railway junction of the State.
Even as Union finance minister Arun Jaitley, while presenting the Budget on February 1, proposed redevelopment of about 600 major stations across the country.
Drones will now monitor railway projects, aid in crowd management and oversee maintenance work across its zones, railway officials said today.
China on Wednesday evinced interest in reviving its proposal to build high speed railway projects in India, which has chosen Japan as a partner for the country’s first such venture.
To avoid delay in railway projects, the Chairman of the Railway Board (CRB) and zonal general managers (GMs) have now been given powers to overrule any technical objections raised by the finance wing.
A parliamentary committee has suggested separate budget allocation for green energy initiatives by the Railways so that no such project is stuck due to want of funds.
India has decided to run a trans-continental freight train from Bangladesh to Turkey as an answer to China’s efforts to cart its goods to Europe by train and the One Border One Road initiative.