Indian Railways papered a National Rail Plan for India
2030, said finance minister adding, "The plan is to create a future-ready
railway system by 2030 bringing down the logistic cost for the industry is at
the core of the strategy to enable Make In India."
Sitharaman said it was expected that the eastern and
western dedicated freight corridors (EDFC and WDFC) would be commissioned by
June 2022. “The following additional initiatives are also proposed. The
Sonenagar-Gomoh section of 263 km on EDFC will be taken up in PPP mode this
year itself. Gomoh-Dankuni section of 274.3 km will also be taken up shortly in
short succession," she said.
The finance minister said the Railways would take up the
future dedicated freight corridor projects — East Coast Corridor from Kharagpur
to Vijaywada, East-West Corridor from Bhusawal to Kharagpur to Dankuni and
North-South Corridor from Itarsi to Vijaywada. She further added the detailed
project report would be undertaken in the first phase.
She also mentioned 100% broad gauge route electrification
would be completed by December 2023.
Stressing on the passenger convenience and safety, she
said the Railways would introduce the aesthetically-designed vista dome Linke
Hofmann Busch coaches on tourist routes for a better travel experience for
The Finance minister also announced two new technologies
— metro lite and metro neo — to provide metro services at much less cost with
the same experience, convenience in tier II and tier III cities and peripheral
Sitharaman also announced that the work would begin soon
on the Phase-II of Kochi Metro Railway which would be 11.5 km long and cost
"The budget has focused on bringing safety, quality,
and clean transport to the front by announcing a slew of initiatives. Alternate
models of Mass transit in the form of metro lite and metro neo will appeal to
cities with narrower right of ways and with higher urban density. The continued
investment focus on Kochi, Nagpur, Nashik, and Chennai metro will enable
completion of various project phases, and investment in the Bangalore suburban
railway network will bring relief to urban transport challenges in the IT and
R&D hub of the country," said Mohammad Athar (Saif), partner, economic
development and infrastructure, PwC India.