+
Indian Railways’ Rs 17.4 Lakh Crore Revamp by 2025
RAILWAYS & METRO RAIL

Indian Railways’ Rs 17.4 Lakh Crore Revamp by 2025

Indian Railways is undergoing a transformative overhaul, with investments amounting to Rs 17.4 lakh crore between 2016 and 2025, according to a Crisil report. The funds are being directed toward a variety of modernization efforts, including high-speed rail projects and extensive electrification, as the nation aims to reinforce its railway network as a pillar of economic growth.

The report highlighted that over the past decade, Indian Railways has achieved a compound annual growth rate (CAGR) of 12% in capital expenditure, driven by infrastructure development and technological advancements. These improvements aim to boost operational efficiency and position the railways to meet growing demands for competitiveness and safety.

Major initiatives include plans to construct 100,000 km of new railway tracks over the next 20 years and to expand the Kavach safety system across 44,000 km of tracks within five years. In addition, 400 new Vande Bharat trains are slated for production in the next three years. These projects underline the need for Indian Railways to diversify its revenue streams to sustain growth.

The Crisil report suggested several strategies for revenue diversification, such as utilizing real-time data to optimize operations, offering premium services, and promoting commercial development around railway stations.

In recent developments, eight new railway line projects have been sanctioned, projected to create over 4.42 crore man-days of employment. Moreover, plans for metro expansions in Bangalore, Pune, and Thane, as well as developments at Varanasi’s Lal Bahadur Shastri International Airport and new civil enclaves in Bagdogra and Bihta, have also been approved.

This modernization drive positions Indian Railways to play a crucial role in India’s journey towards becoming a high-income economy.

Indian Railways is undergoing a transformative overhaul, with investments amounting to Rs 17.4 lakh crore between 2016 and 2025, according to a Crisil report. The funds are being directed toward a variety of modernization efforts, including high-speed rail projects and extensive electrification, as the nation aims to reinforce its railway network as a pillar of economic growth. The report highlighted that over the past decade, Indian Railways has achieved a compound annual growth rate (CAGR) of 12% in capital expenditure, driven by infrastructure development and technological advancements. These improvements aim to boost operational efficiency and position the railways to meet growing demands for competitiveness and safety. Major initiatives include plans to construct 100,000 km of new railway tracks over the next 20 years and to expand the Kavach safety system across 44,000 km of tracks within five years. In addition, 400 new Vande Bharat trains are slated for production in the next three years. These projects underline the need for Indian Railways to diversify its revenue streams to sustain growth. The Crisil report suggested several strategies for revenue diversification, such as utilizing real-time data to optimize operations, offering premium services, and promoting commercial development around railway stations. In recent developments, eight new railway line projects have been sanctioned, projected to create over 4.42 crore man-days of employment. Moreover, plans for metro expansions in Bangalore, Pune, and Thane, as well as developments at Varanasi’s Lal Bahadur Shastri International Airport and new civil enclaves in Bagdogra and Bihta, have also been approved. This modernization drive positions Indian Railways to play a crucial role in India’s journey towards becoming a high-income economy.

Next Story
Real Estate

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

Next Story
Infrastructure Urban

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

Next Story
Infrastructure Energy

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?