Indian Railways, led by Union Railways Minister Ashwini Vaishnaw, is embarking on a transformative journey. The plan involves a colossal investment of Rs 1 lakh crore to acquire new trains, marking a significant step toward modernizing the railway network. This monumental initiative aims to meet the surging demand for passenger travel and marks a significant stride towards eliminating wait-listing.
Indian Railways Rs 1 Lakh Crore Investment Plan
Addressing a critical need, the Railways Ministry, under Ashwini Vaishnaw’s leadership, commits Rs 1 lakh crore. The objective is clear: procure 7,000-8,000 new train sets to replace aging rolling stock. This strategic initiative unfolds over the next 15 years, signaling a phased and comprehensive approach. Tenders for train procurement are slated for issuance within the next 4-5 years, reflecting meticulous planning.
Optimizing Tracks And Expanding Trips
This ambitious investment aligns with a broader plan to revamp Indian Railways. The objective is to increase trains’ availability for passengers and goods by optimizing tracks and expanding the number of daily trips. Union Minister Vaishnaw envisions adding 3,000 daily train trips to eradicate waiting lists.
Zero Wait-Listing Vision: A 30% Increase In Trips By 2030
Currently operating 10,754 daily train trips, the Railways plans to add 3,000 more, eliminating waiting lists, except during peak months, by 2030. The target is a 30% increase in the number of trips, ensuring a seamless travel experience for passengers.
Indian Railways ‘Make In India’ Focus
The upcoming train procurement orders will include the acquisition of new trains and emphasize maintenance contracts and a “Make in India” mandate. This strategic decision aligns with the government’s push for indigenous manufacturing and utilization of existing railway infrastructure.
Progressing Toward A Robust Rail Network
Union Minister Vaishnaw highlights progress in track laying. The expected completion is 5,500 to 6,000 kilometers by fiscal year-end. This ambitious endeavor averages 16 kilometers per day, surpassing previous achievements. It is integral to enhancing overall rail infrastructure.
Unlocking Faster Movement
The completion of the Eastern Dedicated Freight Corridor and substantial progress on the Western Dedicated Freight Corridor are key milestones. These developments will unlock tracks, facilitating faster movement of passengers and goods while catalyzing the establishment of new industrial hubs and Gati Shakti Cargo Terminals.
Financial Utilization And Future Investment
With 70% of the Rs 2.4 lakh crore capital budget for FY24 already utilized, the Railways Ministry is on track with planned capital spending. Minister Vaishnaw emphasizes the need for a substantial Rs 12 lakh crore investment in Indian Railways to cater to current economic growth levels by 2030.
Structural Reforms For Efficient Capital Utilization
The Railways has implemented significant structural and procedural reforms to expedite capital spending. These reforms aim to ensure the effective utilization of the capital budget allocated for comprehensive infrastructure modernization, including trains, tracks, safety technology, and stations.
Indian Railways’ Rs 1 lakh crore plan for new trains is a crucial milestone in modernizing the rail landscape. The initiative, emphasizing efficiency, comfort, and indigenous manufacturing, addresses the surging demand for rail travel. This transformative effort aims to redefine the travel experience for millions of passengers. As tracks are laid and new trains procured, the railway system is poised for a remarkable transformation. The ongoing reforms further contribute to this exciting trajectory towards seamless and sustainable transportation. The future holds the promise of a more efficient and passenger-centric Indian Railways.
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