Six Multi-Tracking Projects worth over Rs 12,300 crore got approved by Cabinet
The cabinet chaired by Prime Minister Narendra Modi, has cleared the multi-tracking proposals to reduce congestion while providing the much-required infrastructural development on the busiest sections across Indian Railway.
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The Cabinet Committee on Economic Affairs has approved six railway projects with a total estimated cost of around Rs 12,343 crore. The project approval aims to facilitate ease of travelling, minimize logistics costs, reduce oil imports, and lowering CO2 emissions.
The projects are considered to be the result of the PM Gati Shakti National Master Plan for multi-model connectivity which is determined through possible integrated planning and will provide seamless connectivity for movement of people, goods, and services. The project is funded 100 percent by the central government.
Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoYThe cabinet chaired by Prime Minister Narendra Modi, has cleared the multi-tracking proposals to reduce congestion while providing the much-required infrastructural development on the busiest sections across Indian Railway.
The projects are expected to increase the existing line capacity of the sections causing smoothening of the train operations along with time managing punctuality.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsThe projects are formed under essential routes for the transportation of commodities such as food grains, food commodities, fertilizers, coal, cement, iron, steel, fly ash, clinker, limestone, POL, containers, etc. The capacity augments to propel additional freight traffic of a magnitude of 87 MT per annum. The projects are likely to be completed by 2029-30.
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