Govt will invest Rs 8.5 lakh cr in railways in 5 yrs, says Suresh Prabhu

Our effort to retrofit 40,000 odd coached is going to be a game changer, says Prabhu

Railway Minister Suresh Prabhu. Photo: PTI
Railway Minister Suresh Prabhu. Photo: PTI
Press Trust of India Mumbai
Last Updated : Jul 17 2017 | 3:57 AM IST

Don't want to miss the best from Business Standard?

Railway Minister Suresh Prabhu today said the Railways is in an overhauling phase and its network will be transformed completely in next five years.

"With the stress on 'Rail Badhhega- Desh Badhhega', we launched several reformative and passengers friendly initiatives including an ambitious plan to induct about 40,000 coaches with improved interiors and upgraded facilities," Prabhu said.

"We are confident that the entire network of Indian Railways is going to be transformed in the next five year," the Minister said addressing a gathering organised by 'Rajasthan Meter Guage Pravasi Sangh', an association of rail enthusiasts belonging to Rajasthan, living here.

"Our effort to retrofit 40,000 odd coached is going to be a game changer as it will not only transform the entire rail network, but it will also generate jobs," said the minister.

"Railways has prepared a clear cut roadmap under which Rs 8.5 lakh crore of investment has been planned in the next five years to make the network one of the best in the world," Prabhu said, adding setting up of Rail Coach Factories is a part of it.

He also said his ministry was working to upgrade the Delhi-Mumbai and Delhi-Kolkata corridor which will increase the speed of trains.

General Manager of Western Railway A K Gupta, MLAs Mangal Prabhat Lodha and Raj Purohit, president of the association Champat Mutta, among others were present at the occasion.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 17 2017 | 2:13 AM IST

Next Story