Railways need Rs 14 lakh crores: Dinesh Trivedi

Posted By:
Subscribe to GoodReturns

Railways need Rs 14 lakh crores: Dinesh Trivedi
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.

GoodReturns

Read more about: gdp, dinesh trivedi, railways
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?