PM launches 2,000 railway infra projects worth around ₹41,000 crore
- Prime Minister Narendra Modi inaugurates significant railway projects to boost infrastructure development.
Key Highlights
- The project is a testament to the rapid pace of development in modern India.
- Infrastructure has a role in positioning India as an attractive investment destination.
Focus on Station Redevelopment
- Foundation stone has been laid for 554 station redevelopment projects under the 'Amrit Bharat' station scheme.
- There is the introduction of upgraded passenger facilities to selected stations,
- Including improved foot-over bridges, waiting areas, and surveillance systems.
Gomtinagar Station Redevelopment
- There was inauguration of Gomtinagar station in Uttar Pradesh, costing approximately ₹385 crore.
- This is one glimpse of Railways Transformation and Growth.
Overcoming Historical Challenges
- Financial losses, in railways have been shifted towards profitability and expansion.
- There is notable improvement in Railway Budget allocation and reduction of losses over the past decade.
Accelerated Track Expansion
- The Railway Minister announced plans to add 5,000 km of new tracks in FY24,
- Railway Line of 31,000 km was added in the last 10 years.
- There is significant increase in track expansion rate
- from 4 km per day (2004-14) to 15 km per day currently.
Electrification Milestone
- Over 41,000 km of tracks was electrified, marking a historic achievement for Indian Railways.
- Completion timeline for station redevelopment projects estimated at 3 years.
Prelims Takeaway
- Amrit Bharat Station Scheme
- PM-Gati SHAKTI