Budget 2021: Centre earmarks Rs 1,10,055 crore for Railways
Sitharaman said that the plan of the government is to create a future-ready Railways system by 2030, while presenting the Union Budget 2021-22
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FollowFinance Minister Nirmala Sitharaman announced an allocation of Rs 1,10,055 crores for Railways. She also announced an outlay for capital expenditure amounting to Rs 1,07,100 crores.
Sitharaman said that the plan of the government is to create a future-ready Railways system by 2030, while presenting the Union Budget 2021-22.
"Indian Railways has prepared a National Rail Plan for India 2030. The plan is to create a future-ready railways system by 2030 - bringing down the logistic cost for the industry is at the core of a strategy to enable Make in India. I am providing a record sum of Rs 1,10,055 crores for Railways of which Rs 1,07,100 crores is for capital expenditure only," she said.
To further strengthen, high-density network and highly utilised network routes of Railways will be provided with indigenously developed automatic train protection system that eliminates train collision due to human error, the Finance Minister said.
"High-density rail networks and highly utilized rail routes to be provided with indigenously developed automatic train protection system which will eliminate train collision due to human error. 100% electrification of rail broad gauge routes to be completed by December 2023," she added.
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