Railways targets $140-bn investment – Feedback

In order to build world class rail network across the country, the Indian Railways has targeted investment worth $ 140 billion in the next half decade, Railway Minister, Suresh Prabhu said, elaborating that the railways has already invested Rs 94,000-cr and additionally also, a whopping worth Rs 40,000-cr on the locomotives segment.

The move will help the government to achieve the targeted 10-11% of GDP in infrastructure sector. Moreover, the rail sector has already finalized high speed railways project with an estimated cost of Rs. 1 lakh-cr and is in the process to bring semi-high speed trains, besides, three dedicated freight corridors will also be developed on the fast tracked basis, he added.


About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *