For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Govt allots Rs 4,185 cr for rail projects in UP: Reports

By Religare
|

The Indian Government has said that it has allocated Rs 4,185 crore in 2015-16 for various railway projects, including construction of new lines and doubling of tracks in Uttar Pradesh, media reported.

Commenting on the issue, Minister of state for Railways Manoj Sinha told the media, "The current allocation is 454 per cent more than budget outlay for the last year. The allocation is also the highest in the last 10 years."

 

As per reports, around 15 new projects related to doubling of rail tracks were sanctioned this year as against six projects in 2013-14. The state saw an increase of 65 per cent in fund allocation for upgrading passenger amenities over last year's outlay.

The Railways has also sanctioned construction of 123 road over-bridges and road under-bridges during the current fiscal as against just nine in 2014-15. The state has received Rs 806 crore for the electrification works as compared to Rs 280 crore last year.

Story first published: Tuesday, August 25, 2015, 12:20 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more