The Union Railway Minister, Suresh Prabhakar Prabhu, has outlined a four-year investment plan worth over Rs 8.56 lakh crore for Indian Railways from 2015-2019.
In his rail budget speech on Thursday, he said that the investment plan would set aside over Rs 1.99 lakh crore for network decongestion (dedicated freight corridor, doubling of tracks, electrification and traffic facilities) and Rs 1.93 lakh crore for network expansion, including electrification.
Investment on safety (track renewal, bridge works, ROB, RUB and Signalling & Telecom) would be to the tune of Rs 1.27 lakh crore, while production and maintenance of locomotives, coaches and wagons have been earmarked Rs 1.02 lakh crore over the four-year period.
Station redevelopment and logistics parks would receive an investment of Rs one lakh crore, while high speed rail and elevated corridor would see investments worth Rs 65,000 crore.
An amount of Rs 39,000 crore has been set aside for national projects providing connectivity to the Kashmir valley and the North-Eastern states, Rs 12,500 crore for passenger amenities, Rs 5,000 crore for IT and research and other issues a sum of Rs 13,200 crore.