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Blog Entry# 935236  
Posted: Dec 15 2013 (11:13)

1 Responses
Last Response: Dec 15 2013 (11:13)
  
Rail News
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Commentary/Human Interest
Dec 15 2013 (08:12)   4.5 lakh crore needed for ongoing rail projects: Kharge
 

rdb*^   127239 news posts
Entry# 935236   News Entry# 160445         Tags   Past Edits
Citing “lack of funds” as one of the major reasons for the slow development of the Railways, Minister for Railways M. Mallikarjun Kharge said 586 ongoing projects across the country required around Rs. 4.5 lakh crore for their completion.He was addressing a function at the Matmari railway station, around 25 km from here, after laying the foundation stone for the doubling of the line between Matmari and Mantralayam Road and re-girding of the Tungabhadra bridge on Saturday.“As many as 586 railway projects are under way, which include laying of new lines, electrification of existing ones, doubling of lines, upgrading of railway stations and more. We need around Rs. 4.5 lakh crore for their completion. Our annual budget, however, is around Rs. 1.36 lakh crore of which 72 per cent goes towards salaries,” he said.He also said issues related to land acquisition were contributing to the delay in executing projects. “First of...
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all, farmers refuse to give land for the projects. Some approach courts and bring stay orders against the acquisition of their land. Once the legal battle starts, we cannot make budgetary allocations for such projects,” he said.
State projects
Mr. Kharge said as much as Rs. 26,000 crore was required to meet the long-pending demands of railway projects in Karnataka. “The State government has to provide 50 per cent of the cost. It would be impossible for both State and Union governments to provide their share of Rs. 13,000 crore in a financial year. Both the governments will have to consistently allocate minimum Rs. 3,000 crore each year so that within a span of five years, all existing demands can be met,” he said.Addressing the increasing demand for new trains, Mr. Kharge expressed his helplessness, citing financial constraints. “A train of 20 coaches with an engine costs Rs. 32 crore. Construction of each coach costs Rs. 1 crore and the rest for the engine,” he explained.

  
1031 views
Dec 15 2013 (11:13)
knkprasad956*^~   2166 blog posts
Re# 935236-1            Tags   Past Edits
What about opening of completed line i.e BIDAR-HUMNABAD Line for which CRS over
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