Railway Budget 2021: On Monday, FM Nirmala Sitharaman presented the Railway Budget, now merged with Union Budget for the monetary year 2021-22. The Finance Minister announced a record sum of Rs 1.10 lakh crore for Indian Railways, out of which an quantity of Rs 1.07 lakh crore is for capital expenditure. Sitharaman pointed out in her Budget speech that the national transporter would monetise the committed freight corridors (DFCs) following its commissioning. While presenting the Union Budget 2021 in the parliament, the FM also applauded the services offered by Indian Railways to transport critical supplies across the nation in the course of the COVID-19 lockdown period.
According to the Finance Minister, a National Rail Plan has been ready by Indian Railways for India 2030. The National Rail Plan has been ready to build a railway method that is future prepared, by the year 2030 bringing down the logistic expense for market is at the core of the technique to allow the Modi government’s ‘Make In India’ initiative. In her Union Budget 2021 speech, the FM stated that it is getting anticipated that the eastern committed freight corridor (EDFC)and western committed freight corridor (WDFC) would be commissioned by June 2022.
The minister stated the 263 km Sonenagar-Gomoh section on EDFC will be taken up this year itself in PPP mode. The 274.3 km Gomoh-Dankuni freight corridor section will also be taken up shortly in quick succession, she stated. The national transporter would take up the future DFC projects- East-West freight corridor from Bhusawal to Kharagpur to Dankuni, East Coast freight corridor from Kharagpur to Vijaywada as nicely as North-South freight corridor from Itarsi to Vijaywada. In the very first phase, detailed project report would be undertaken.
The Finance Minister stated electrification of broad gauge route was anticipated to attain 46,000 Rkm, which is 72% by 2021-finish from 41,548 km from 1 October 2020, additional adding that one hundred% electrification of such routes would be completed by December 2023. She also pointed out that for far better travel knowledge to passengers, Indian Railways would introduce the aesthetically-made vistadome LHB train coaches on tourist routes.