32.1 C
Delhi
Wednesday, June 26, 2024

Three major Railway economic corridor programmes to be implemented: FM Sitharaman

Date:

Share post:

Donate-GC-Razorpay

New Delhi: Finance Minister Nirmala Sitharaman on Thursday announced the development of three major ‘Railway economic corridors programs’ during her Interim Budget 2024-2025 speech in Lok Sabha on Thursday.

“These are energy, mineral, and cement corridors; port connectivity corridors; and high traffic density corridors,” she said.

The Finance Minister added that the projects have been identified under PM Gati Shakti for enabling multi-modal connectivity. They will improve logistics efficiency and reduce costs.”.

Sitharaman said that “the resultant decongestion of the high-traffic corridors will also help in improving the operations of passenger trains, resulting in safety and higher travel speeds for passengers.”.

She said together with dedicated freight corridors, these three economic corridor programs will accelerate India’s GDP growth and reduce logistic costs.

During the speech, she also informed that the Kekeyail infrastructure projects, including Metro Rail and Namo Bharat, will be expanded to more cities.

“Around 40,000 rail bogies will be converted to Vande Bharat coaches,” the Finance Minister said

Related articles

Owaisi’s ‘Jai Palestine’ in Indian Parliament is a Muslim appeasement ‘Nautanki’

In a surprising and unprecedented move, Member of Parliament (MP) Asaduddin Owaisi of the All India Majlis-e-Ittehadul Muslimeen...

Will support Speaker if Dy Speaker post given to Oppn: Rahul

New Delhi: Congress leader Rahul Gandhi on Tuesday said that the Opposition will support the Government’s Speaker choice...

Telecom spectrum auction begins, valuing at Rs 96,238 cr at base price

New Delhi: Three telecom operators—Reliance Jio Infocomm, Bharti Airtel, and Vodafone Idea—are vying for additional telecom spectrum, for...

China’s Chang’e-6 brings back first samples from moon’s far side to Earth

Beijing: The returner of the Chang'e-6 probe touched down on Earth on Tuesday, bringing back the world's first...