Date Of Post: 09 Mar, 2018
New Delhi: The Indian Railways would invest Rs 75,000 crore on a signalling system project to be implemented across India, Railway Minister Piyush Goyal said. He said,”We will bring the most modern technology of European Train Control System (ETCS) in India and it will be implemented across the country. It will ensure safe journey.”
- The South Western Railway officials have prepared the pre-feasibility report for the Bengaluru suburban railway and come up with a Rs 12,000 crore investment plan, he said.
- 68 km of the 160 km suburban railway network will be elevated, Goyal said.
- In addition, the Railways would invest Rs 5,000 crore for upgrading the stations and for bringing in the most modern locomotives rail coaches.
- Goyal had written to the Karnataka chief minister in January that instead of 80-20 ratio of cost sharing between Karnataka government and Railways, where Karnataka’s share would be 80%, he has proposed a 50-50 cost sharing, he said.
- “We can do a cost sharing of 50-50 between the state government and the Indian railways and against that, they (state government) can allow us to increase the Floor Area Ratio (FAR) or Floor Space Index (FSI) of all our stations to five, so that we can raise some revenue by developing the stations, making them modern and passenger friendly.”
- He said, earlier 233 km of tracks were renewed every month but in December 2017, railways did 476 km of track renewal.
- Goyal said,”In January, 2018, railways did 576 km of track renewal and in February we did 560 km … That is the scale-up to make the Indian Railways safer. With this, all the speed restriction will go away and we will have faster trains.”
Image Credit: Nikhil B/Wikimedia Commons