Railways To Invest Rs 73,000 Crore To Solve Safety-Related Problems: Piyush Goyal

Railways To Invest Rs 73,000 Crore To Solve Safety-Related Problems: Piyush Goyal

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Date of Post: 14 Feb, 2018

New Delhi: Union Railway Minister Piyush Goyal on Tuesday announced plans to invest a sum of Rs 73,000 crore towards resolving safety-related problems. A change in mindset is crucially required to implement large-scale projects across the country, Goyal, addressing an India Infracon event organised by Asian News International (ANI), said.

More Information:

  • The minister said,”The best excuse has been lack of funds. We were used to taking long years to implement projects, using age-old technology. However, Prime Minister Narendra Modi has changed the mindset from a shortage of funds to availability of funds for every good idea. In order to ensure safety in railways, we plan to invest about Rs 73, 000 crore in safety-related issues next year.”
  • Given the rising volume of rail accidents, Goyal called for the installation of a more robust signaling structure, particularly during the winter when travel is often affected by fog & pollution.
  • He said,”In 30 seconds, we decided that Indian Railways and the people of India deserve the world’s most modern signaling system, which will be implemented in next 6 to 7 years . For this, identification of bottlenecks is necessary . There is a need to modernise signaling, and improving line capacity.”
  • Modernising of the railways would not only address rail safety, but also punctuality, which has been flagged as a key area of concern by travellers, Goyal said.

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