IN THE PIPELINE
- Plans to build 7,000 km of new tracks through new lines, gauge conversion, and track doubling/ tripling/ quadrupling at an average of 20 km/day
- Construction of 1,000 new-design overbridges and underbridges on railway tracks to eliminate track-level disruptions
- Development of 1,275 stations under Amrit bharat Scheme
- Establishment of 2,000 Jan Suvidha Kendras for daily-use convenience items at railway stations
- Overhaul in passenger reservation system to handle up to tenfold increase in ticket (250,000) and enquiries (4 mn)
- Local arts and crafts to be promoted at 750-1,000 stations
- Introduction of inter-city Vande Metro 'shuttles', hydrogen trains on heritage routes
‘Market borrowings in FY24 won’t impact IRFC’
After the Railways brought its market borrowings down to zero in the FY24 Budget, the minister said the Indian Railway Finance Corporation (IRFC) would remain healthy despite no financing activity in the coming fiscal year.
“IRFC’s own income is quite good because it has a strong and significantly large book. So, there is no need for IRFC to worry about its income (in the upcoming fiscal year),” Vaishnaw told Business Standard.
The minister, however, said more and more focus was being laid on using government funds to establish the foundation that would bridge India’s current infrastructure gap.
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