– Advertisement –
The Modi cabinet on Tuesday approved four major railway projects worth ₹24,634 crore. These projects will cover 18 districts in Maharashtra, Madhya Pradesh, Gujarat, and Chhattisgarh. Upon completion, the railway network will increase by approximately 894 kilometers.
The Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved four major railway projects worth ₹24,634 crore. Union Minister Ashwini Vaishnav, briefing the cabinet meeting, said the projects will cover 18 districts across three states. These projects are also beneficial for the tourism sector.
These four projects are included:
- Wardha-Bhusaval: Third and Fourth Lines – 314 km (Maharashtra)
- Gondia-Dongargarh: Fourth Line – 84 kilometers (Maharashtra and Chhattisgarh)
- Vadodara-Ratlam: Third and Fourth Lines – 259 kilometers (Gujarat, Madhya Pradesh)
- Itarsi-Bhopal-Bina: Fourth Line – 237 kilometers (Madhya Pradesh)
Projects covering 18 districts
These projects will cover 18 districts in Maharashtra, Madhya Pradesh, Gujarat, and Chhattisgarh. Upon completion, these projects will add approximately 894 kilometers to the Indian railway network. These projects will directly benefit approximately 3,633 villages, with a total population of approximately 8.584 million. These include two aspirational districts: Vidisha (Madhya Pradesh) and Rajnandgaon (Chhattisgarh). Improved connectivity in these districts will improve the quality of life and strengthen local industries.
What will be the benefits?
According to a government statement, this will also boost tourism. These projects will facilitate rail access to renowned tourist destinations such as Sanchi, Satpura Tiger Reserve, Bhimbetka Rock Shelters, Hazara Falls, and Nawagaon National Park. Furthermore, this route is crucial for the transportation of essential goods such as coal,
cement, containers, food grains, fly ash, and steel. The project’s implementation will enable the transportation of an additional 78 million tonnes (MTPA) of freight annually. Additionally, the projects will reduce the country’s logistics costs, save 280 million liters of oil imports, and reduce 1.39 billion kilograms of CO₂ emissions. This environmental benefit is equivalent to planting 60 million trees.
Railway Shares Rise
Following the government’s decision, railway shares saw a sharp rise in the last hour of trading. Shares of state-owned railway companies IRCON International Limited, Rail Vikas Nigam Limited (RVNL), and RailTel Corporation of India Limited rose by up to 6%. IRCON International shares rose 7% to ₹184.4. RVNL shares closed at ₹355.6 on Tuesday, up 2.6%. RailTel shares rose 3.5% to close at ₹398.2.
Income Tax on Savings Account : Is interest earned on savings accounts taxable? Learn the Income Tax Department’s rules.
– Advertisement –
#Modi #cabinet #green #signal #major #railway #projects #crore #spent #WhoWiki.org
