Hefty allocation of nearly Rs65,000 crore for Indian Railways
01 February 2019
Indian Railways has been allocated Rs64,587 crore in the interim budget presented on Friday by Union Minister for Finance Piyush Goyal.
“Indian Railways has experienced the safest year in its history as all Unmanned Level Crossings on broad gauge network have been eliminated,” said the minister.
The introduction of the first indigenously developed and manufactured semi high-speed "Vande Bharat Express" will give Indian passengers world class experience with speed, service and safety, he added. “This major leap in wholly developed technology by our engineers will give an impetus to the Make in India programme and create jobs,” said the minister.
According to him, “infrastructure is the backbone of any nation’s development and quality of life. Whether it is highways or railways or airways or even digi-ways, we have gone beyond incremental growth to attain transformative achievements.”
The number of operational airports has crossed 100 with the commissioning of the Pakyong airport in Sikkim. Domestic passenger traffic has doubled during the last five years leading to large number of jobs being created.
“Today, India is the fastest highway developer in the world with 27 km of highways built each day,” said Goyal. “Projects stuck for decades like the Eastern Peripheral Highway around Delhi or the Bogibeel rail-cum-road bridge in Assam and Arunachal Pradesh have been completed.”
The flagship programme of Sagarmala along the coastal areas of the country will develop ports for faster handling of import and export cargo. For the first time, container freight movement has started on inland waterways from Kolkata to Varanasi.
“Our Government will introduce container cargo movement to the North East as well, by improving the navigation capacity of the Brahmaputra river,” said the minister.
He also announced that the people of North East have received significant benefits of infrastructure development in this Interim Budget. Arunachal Pradesh came on the air map recently and Meghalaya, Tripura and Mizoram have come on India’s rail map for the first time. Allocation for the North Eastern Areas is being proposed to be increased by 21% to ` Rs.58,166 crore in 2019-20 BE over 2018-19 BE.