Govt to implement 3 railway corridors, convert 40,000 normal bogies to Vande Bharat standards: FM Sitharaman
The creation of new railway corridors will result in decongestion of high-traffic corridors and "will also help in improving operations of passenger trains, resulting in safety and higher travel speed for passengers", Sitharaman said.
The government will implement three major economic railway corridor programmes and convert 40,000 normal railway bogies to Vande Bharat standards, Finance Minister Nirmala Sitharaman said on Thursday.
Presenting the interim budget for 2024-25, she said that creating the corridors will decongest high-traffic corridors and also improve passenger train operations.
While railway corridors will improve efficiency of logistic services and reduce cost, conversion of coaches will increase safety, convenience and comfort of passengers, she said.
"Three major economic railway corridor programmes will be implemented. These are: energy, mineral and cement corridors, port connectivity corridors, and high-traffic density corridors," Sitharaman said.
"The projects have been identified under PM Gati Shakti for enabling multi-modal connectivity. They will improve logistics efficiency and reduce cost," she said.
The creation of new railway corridors will result in decongestion of high-traffic corridors and "will also help in improving operations of passenger trains, resulting in safety and higher travel speed for passengers", Sitharaman said.
"Together with dedicated freight corridors, these three economic corridor programmes will accelerate our GDP growth and reduce logistic costs," the finance minister said.
She said that "40,000 normal rail bogies will be converted to Vande Bharat standards to enhance safety, convenience and comfort of passengers".
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SRH vs GT IPL 2024 Ticket Booking Online: Where and how to buy SRH vs GT tickets online - Check IPL Match 66 ticket price, other details
Top 7 SWP Mutual Funds: Rs 50 lakh investment, Rs 70K monthly pension for 10 years, and Rs 42.30 lakh balance value; know more details
Gold and Silver rate today (May 13, 2024): Precious metal under pressure; yellow metal near Rs 72,400, white metal above Rs 84,600
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
08:18 PM IST