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The Railways is firming up a plan for infrastructure development with an ambitious target of pumping in more than ₹8 lakh crore over the next four years. The massive investment plan would involve high-speed rail connectivity, station redevelopment and capacity augmentation across the country.
“We are drawing up concrete plans for investment of about ₹8.5 lakh crore in the coming four years for modernisation of rail infrastructure,” said a senior Railway Ministry official.
According to the plan, while part of the funding will come from the capital expenditure provided for in the Rail Budget, a major chunk is expected to come from outside the budget through PPP and multilateral funding.
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