FM Sitharaman reviews Railways Ministry's capex plan
RAILWAYS & METRO RAIL

FM Sitharaman reviews Railways Ministry's capex plan

Finance Minister Nirmala Sitharaman reviewed the capital expenditure (capex) plan of the Railways Ministry, emphasising the importance of enhancing commuter safety and convenience. She urged officials to expedite the phased implementation of Kavach, India's indigenous Automatic Train Protection (ATP) system, and meet the allocated capex targets within the stipulated timeframe.

Railways Ministry officials informed Sitharaman that Kavach-related works are currently underway on over 3,000 route kilometers, including the Delhi-Howrah and Delhi-Mumbai sections.

Highlighting the government's focus on improving citizens' "ease of living," Sitharaman urged the Ministry to prioritise capacity augmentation, safety measures, and commuter convenience. This includes doubling and electrifying existing tracks, as well as laying new railway lines according to the Union Budget's capex provisions.

She also called for the accelerated conversion of 40,000 standard rail bogies to Vande Bharat standards, as announced in the Interim Budget 2024-25, to enhance passenger safety, comfort, and convenience.

This meeting is part of a series of reviews with ministries and departments that have significant capex allocations in the Union Budget. Sitharaman stressed the importance of achieving the FY 2024-25 capex targets and building on the progress made during the government's first 100 days. (ET)

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

Finance Minister Nirmala Sitharaman reviewed the capital expenditure (capex) plan of the Railways Ministry, emphasising the importance of enhancing commuter safety and convenience. She urged officials to expedite the phased implementation of Kavach, India's indigenous Automatic Train Protection (ATP) system, and meet the allocated capex targets within the stipulated timeframe. Railways Ministry officials informed Sitharaman that Kavach-related works are currently underway on over 3,000 route kilometers, including the Delhi-Howrah and Delhi-Mumbai sections. Highlighting the government's focus on improving citizens' ease of living, Sitharaman urged the Ministry to prioritise capacity augmentation, safety measures, and commuter convenience. This includes doubling and electrifying existing tracks, as well as laying new railway lines according to the Union Budget's capex provisions. She also called for the accelerated conversion of 40,000 standard rail bogies to Vande Bharat standards, as announced in the Interim Budget 2024-25, to enhance passenger safety, comfort, and convenience. This meeting is part of a series of reviews with ministries and departments that have significant capex allocations in the Union Budget. Sitharaman stressed the importance of achieving the FY 2024-25 capex targets and building on the progress made during the government's first 100 days. (ET)

Next Story
Infrastructure Urban

Delhi CM approves incentive scheme to boost scrapping of old vehicles

The Delhi government has announced a new incentive scheme that offers a 10-20% tax rebate for buyers of new vehicles who choose to scrap their old ones. Chief Minister Atishi approved the initiative, which aims to phase out older, more polluting vehicles from the roads and promote the adoption of cleaner alternatives. According to a statement released by the government, the tax rebate will vary depending on the type of vehicle purchased: a 20% rebate will be provided for non-commercial CNG and petrol vehicles, 15% for commercial CNG and petrol vehicles, and 10% for diesel vehicles. The schem..

Next Story
Infrastructure Urban

Maharashtra to make Rs 1.6 trillion Green Integrated Data Centre Parks

The Maharashtra government has approved the establishment of Green Integrated Data Centre Parks, with a projected investment of Rs 1.6 trillion. The decision was made during a recent cabinet meeting chaired by Chief Minister Eknath Shinde, making Maharashtra the first Indian state to launch a special policy for Green Integrated Data Centre Parks. The initiative is expected to solidify Maharashtra’s position as a leading hub for the data centre industry, attracting multinational corporations and global tech leaders. In addition to enhancing the state’s digital infrastructure, the project ..

Next Story
Infrastructure Transport

GOI asks CBRI to help on airport safety after Delhi airport collapse

Following the partial collapse of a canopy at Terminal 1 of Delhi’s Indira Gandhi International Airport in June, the Indian government has sought the expertise of the Central Building Research Institute (CBRI) to advise airport operators nationwide on structural safety. The Roorkee-based institute has been tasked with ensuring the structural integrity of airport infrastructure and guiding operators to prevent similar incidents in the future. The decision to engage CBRI comes in the wake of multiple structural issues, including similar canopy collapses at Jabalpur and Rajkot airports in Jun..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000