COVER STORY
Rs. 2 Lakh Crores Allocated for Metro, Railway and RRTS in Union Budget 2021-2022
nion Finance Minister Nirmala Sitharaman delivered her third Budget speech in the Lok Sabha on Feb 2, 2021. The finance minister focused on the sustainable development of railways and metro projects.
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Metro Lite and Metro-Neo technologies will be deployed to provide metro rail systems in Tier-2 cities and the peripheral areas of Tier-1 cities, at much lesser costs with the same experience, convenience and safety
The Budget has given much-needed impetus to Metro & Railway sector that will create a unified market in India for seamless movement of passengers across the country.
Finance Minister Nirmala Sitharaman has made various announcements in her budget speech. Here are the major highlights announced for Metro & Rail sectors:-
This year’s Budget has almost lived up to the expectations, both sector i.e Railway and Metro This time the government has allocated approx. 2 Lakh crores. Rs 1,10,055 crore have been allocated to the Railways, of which Rs 1,07,100 crore is for capital Expenditure with a promise to complete 100% electrification of broad gauge routes by December 2023. Following the example of Delhi where the metro rail has become the lifeline of the people, the Budget has emphasized the development of metro rails in the PPP mode in different parts of the country.
Railway Budget 2021-22 1. Indian Railways has prepared a National Rail Plan for 2030. The plan is to create a futureready railways system by 2030. 2. Western DFC and Eastern DFC will be commissioned by June 2022. 3. A record allocation of Rs 1,10,055 crore to be provided for Indian Railways, out of this Rs. 1,07,100 is for capital expenditure only. 4. Railways will monetise Dedicated Freight Corridors assets for operations and maintenance after commissioning. Zone wise Railway Budget Allocation
FM Nirmala Sithraman stated that a metro rail network of 702 km is already operational pan India and another 1,016 km of the metro rail and RRTS network is under-construction in 27 Indian cities.
Eastern Railway gets Rs. 2520.70 crores In the General Budget 2021-22, Eastern Railway has obtained considerably good budgetary allocation in different METRO RAIL NEWS | February 2021 | WWW.METRORAILNEWS.IN
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