Railway minister Piyush Goyal has set a target of doubling the national transporter’s revenues to Rs 4 lakh crore by 2025 to make it profitable by then. Over this period, the total investment by the railways would be about Rs 9 lakh crore, he said.
“Our target is to turn the railways profitable so that it doesn’t have to take any gross budgetary support from the government,” Goyal told ET in an interview. “We intend to double revenues by 2025.”
The minister said his focus was to increase capacity by improving signalling, expanding the electrified network, adding more lines in congested stretches and enhancing utilisation of assets. “Reducing cost is the most important thing. If we were to electrify large parts of our network, we can easily save around Rs 15,000 crore in fuel bill itself,” the minister said. Read More
Latest posts by The Economic Times (see all)
- India Is Considering 50 Per Cent Iran Oil Cut To Win US Waiver - August 15, 2018
- Bengaluru transport corporation asks government to provide priority lanes for buses - August 14, 2018
- Power sector NPAs: Allahabad high court asks RBI to make final submissions - August 14, 2018