Railways need Rs 14 lakh crores: Dinesh Trivedi

Business

oi-Sunil

By Sunil Fernandes

Published: Wednesday, March 14, 2012, 12:45 [IST]

Indian Railways need a sum of Rs 14 lakh crores in the next 10 years, Dinesh Trivedi, Railways Minister said, while presenting the Railway Budget 2012-2013.

Trivedi emphasised the need for funding to achieve ambitions of safety, consolidation capacity augmentation and,de-congestion. He stated that 487 projects were pending and unless he got the support from his government it would be difficult to implement the projects. He mentioned that the railways was at the cross roads.

“Indian GDP cannot sustain unless Indian Railways grows at 10%. Within the constraints of funds our outlay is targetted at Rs 60,100 crores which is highest ever,” he said.

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