Capex of Indian Railways for 2020-21 pegged at Rs.1,610.42 billion
RAILWAYS & METRO RAIL

Capex of Indian Railways for 2020-21 pegged at Rs.1,610.42 billion

The capex of Indian Railways for 2020-21 has been pegged at an all-time high of Rs.1,610.42 billion. The government has increased investment and introduced modern technology while focusing on safety, speed and service to passengers.Five measures relating to the Railway...

The capex of Indian Railways for 2020-21 has been pegged at an all-time high of Rs.1,610.42 billion. The government has increased investment and introduced modern technology while focusing on safety, speed and service to passengers.Five measures relating to the Railways were highlighted in the Union Budget speech by Finance Minister Nirmala Sitharaman:1. Setting up a large solar power capacity alongside rail tracks on the land owned by the Railways. A proposal is under consideration.2. Four station redevelopment projects and operation of 150 passenger trains through PPP mode. Inviting private participation is underway.3. More Tejas-type trains to connect iconic tourist destinations.4. A high-speed train between Mumbai to Ahmedabad will be actively pursued.5. The 148-km Bengaluru Suburban Transport Project, at Rs.186 billion,will have fares on the metro model. The Centre will provide 20 per cent of equity and facilitate external assistance up to 60 per cent of the project cost.Further, the target of new lines, gauge conversion and doubling/tripling for 2020-21 is 3,750 route km against 3,150 route km in 2019-20. Electrification of the entire broad gauge network is expected to be completed by 2023-24. In 2020-21, electrification of 6,000 route km has been targeted. As per the Budget, the Railways also plans to induct the latest technology for signalling and telecommunication systems. Under the modernisation plan of the signalling system, it has decided to implement a centralised traffic control (CTC) system on Indian Railways. In the first phase, CTC will be implemented on 1,830 km over eight zonal railways on sections provided with the automatic block signalling system. Further, in the second phase, CTC will be implemented over the balance eight zonal railways, alongwith the automatic block signalling system. The government has initiated the upgrade of the decades-old signalling system into an automatic train protection system, which will be a mix of proven international technology and indigenously developed systems with an impetus to Make in India.

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