Centre speeds up pending rail projects

Centre speeds up pending rail projects

The government has speeded up efforts for fast implementation of pending railway projects.  The prime minister constituted inter-ministerial group for taking care of pending projects, the railway minister reviewed some important Public Sector Units(PSUs) engaged in development and manufacturing.

Also, the committee for advising policies on national transport headed by Rakesh Mohan met senior rail officials to discuss high-end projects.

 Railways have 347 pending projects of new rail lines, doubling of lines and gauge conversion, this will cost around Rs 2 lakh crore.  The cabinet has decided to constitute an inter-ministerial group. The prime minister has approved constitution of this group. The group will have the Chairman of Railway Board, Finance Secretary and Secretary, Planning Commission.

“The group will come up with a creative financing-cum-implementation mechanism for enhancing investment and for clearing backlog of projects in a prioritised manner, said a government release.

The high-level Steering Group headed by the principal secretary of the prime minister will also meet on Friday. Three railway projects–Mumbai Elevated Rail Corridor, two locomotive factories at Marhaura and Madhepura in Bihar–are on the priority list.
DH News Service

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