Railways to invest in infra
The Indian Railways targets towards augmenting rail infrastructure, earmarking investment of 856,000 crore between 2015-16 and 2019-20.
Network decongestion and expansion, and safety comprise 60 per cent share of the overall capital expenditure. The Life Insurance Corporation of India, funding by multilateral agencies, and building relationships and partnering with the private sector.
Over the last three years, 33 per cent of the total capital investment was towards construction of new lines, track momentum. The commissioning of both in the last three years almost doubled, from 1,500 km during 2008-09 to 2013
For 2017-18, the planned expenditure is 18 per cent higher than 2016-17 capital expenditure at ` 131,000 crore. While is double at 4,000 km.
The Indian Railways is working towards increasing the speed of trains by removing level crossings, reducing permanent speed restrictions and replacing loco-hauled commuter trains. The efforts are also being put towards improving customer experience by way of improved facilities inside trains.