Nirmala Sitharaman English news | Nirmala Sitharaman, Latest News & Live Updates in English | English News (Latest English News) at Lokmattimes.com

New Delhi, Feb 1 Finance Minister Nirmala Sitharaman on Monday announced a record sum of Rs 1,10,055 crore for Indian Railways of which Rs 1,07,100 crore is for the capital expenditure. She said the national transporter will monetise the Dedicated Freight Corridor (DFC) asset after commissioning.Presenting the Union Budget 2021-22, Sitharaman said, "I am announcing a record sum of Rs 1,10,055 crore for Railways of which Rs 1,07,100 crore is for capital expenditure only."She said the Railways will monetise DFC assets, its operations and maintenance after its commissioning.Talking about the railway infrastructure, the Finance Minister said, "Indian Railways have prepared a National Rail Plan for India 2030. The plan is to create a future ready railway system by 2030, bringing down the logistic cost for industry is at the core of the strategy to enable 'Make In India'."She said that it is expected that the Eastern and Western Dedicated Freight corridor (EDFC and WDFC) will be commissioned by June 2022.The DFC is one of the largest rail infrastructure projects undertaken by the government, entailing a cost of around Rs 81,459 crore.The Dedicated Freight Corridor Corporation of India Limited (DFCCIL) has been set up as a Special Purpose Vehicle to plan, develop, mobilise financial resources, construct, maintain and operate the DFC.In the first phase, the organisation will construct the Western DFC (1,504 route km) and Eastern DFC (1,856 route km), a total of 3,360 route km.Prime Minister Narendra Modi inaugurated the 306 km Rewari-Madar section of the Western Dedicated Freight Corridor on January 7 this year and 351 km Khurja-Bhaupur section of EDFC on December 29 last year.Sitharaman said, "The following additional initiatives are also proposed. The Sonenagar-Gomoh section of 263 km on EDFC will be taken up in the PPP mode this year itself. Gomoh-Dankuni section of 274.3 km will also be taken up shortly in short succession."She also said the Railways will take up the future dedicated freight corridor projects East Coast Corridor from Kharagpur to Vijayawada, East-West Corridor from Bhusawal to Kharagpur to Dankuni and North-South Corridor from Itarsi to Vijayawada.She said the detailed project report (DPR) will be undertaken in the first phase.Sitharaman also said that broad gauge route electrification is expected to reach 46,000 kms that is 72 per cent by the end of 2021 from 41,548 km from October 1, 2020."Hundred per cent electrification of the broad gauge routes will be completed by December 2023," she said.Stressing on the passenger convenience and safety, she said that Railways will introduce the aesthetically designed vistadome LHB coach on tourist routes for better travel experience to the passengers.( With inputs from IANS )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Nirmala SitharamanFOLLOW

Nirmala sitharaman, Latest News

Finance Minister Nirmala Sitharaman on Monday announced the highway infrastructure plan for four poll-bound states -- Tamil Nadu, West Bengal, Kerala and Assam. ...

New Delhi, Feb 1 To give a push to infrastructure creation and reviving the economy, Finance Minister Nirmala ... ...

Union Finance Minister Nirmala Sitharaman on Monday recalled the joy that the entire country felt while watching Team India's historic win over Australia in the Border-Gavaskar Trophy under trying circumstances earlier this year. ...

While announcing the Union Budget for 2021-21 on Monday, Finance Minister Nirmala Sitharaman said the Centre will launch a Rs 3,05,984 crore scheme to reform the power distribution sector in the country. ...

While announcing the Union Budget for 2021-21 on Monday, Finance Minister Nirmala Sitharaman said the Centre will launch a Rs 3,05,984 crore scheme to reform the power distribution sector in the country. ...

Finance Minister Nirmala Sitharaman on Monday said that the Minimum Support Price (MSP) regime has undergone a change to assure price to farmers that is at least 1.5 times the cost of production across all commodities. ...

New Delhi, Feb 1 Voluntary vehicle scrapping policy to phase out old and unfit vehicles has been announced ... ...

New Delhi, Feb 1 Finance Minister Nirmala Sitharaman on Monday announced a record sum of Rs 1,10,055 crore ... ...