Explorer

Budget 2018 is outstanding for railways: Piyush Goyal

New Delhi [India] Feb 1 (ANI): Union Railways Minister Piyush Goyal on Thursday said the Union Budget 2018 presented by Finance Minister Arun Jaitley, is outstanding for the railways.

Earlier in the day, Finance Minister Arun Jaitley presented Union Budget 2018 in the Parliament.

Talking to ANI, Goyal said it is outstanding budget for the railways as the National Democratic Alliance (NDA) government plans to invest Rs. 148000 crore as capital expenditure (Capex) for the railways, which is the highest ever.

"It is outstanding budget for the railways as the NDA government plans to invest Rs. 148000 core as Capex this year which is three times more than that of the the Congress led United Progressive Alliance (UPA) government, which they invested in 2013-14," Goyal said.

He also termed the budget a phenomenal for people of Bangalore and Mumbai.

"It is phenomenal budget for the people of Bangalore, Mumbai as almost Rs 50000 crore for suburb expansion and modernisation projects have been approved for Mumbai. Bangalore will finally have suburban railways of its own with an investment of Rs 17000 crore. Both of these are big ticket commitments for cities with huge passenger flow," the Railways Minister said.

He added that focus on safety spending is nearly Rs 75000 crore, which is transformational change.

"The targets for electrification, new wagons, doubling of tracks have been doubled this year. For next three years, I can see Indian Railways evolving as a New Rail along with the evolution of New India by 2022," Goyal said. (ANI)


This story has not been edited. It has been published as provided by ANI

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headline

Mukhtar Ansari Death: UP Court Orders Probe After Son Claims Father 'Poisoned' In Jail — Top Points
Mukhtar Ansari Death: UP Court Orders Probe After Son Claims Father 'Poisoned' In Jail — Top Points
I.N.D.I.A Bloc In Bihar: Here's How Congress, RJD Have Decided To Share Seats After JD-U's Exit
I.N.D.I.A Bloc In Bihar: Here's How Congress, RJD Have Decided To Share Seats After JD-U's Exit
'System Ki Dhajjiyan Uda Rahen Hain': Hardeep Puri Jabs Kejriwal At ABP Shikhar Sammelan 2024
'System Ki Dhajjiyan Uda Rahen Hain': Hardeep Puri Jabs Kejriwal At ABP Shikhar Sammelan 2024
'BJP Should Pay Rs 4,600 Crore': Congress Slams Income Tax Dept, ECI After Getting Rs 1,700-Crore Notice
'BJP Should Pay Rs 4,600 Crore': Congress Slams Income Tax Dept, ECI After Getting Rs 1,700-Crore Notice
Advertisement
for smartphones
and tablets

Videos

ABP Shikhar Sammelan 2024: Congress leader expresses his views over losing in Rajasthan PollsIsha Malviya's Collaboration With Parth Samthaan Ignites Anticipation: What Surprises Await Their Fans?ABP Shikhar Sammelan 2024: Will Congress leader Sachin Pilot ever join BJP? Know his answerABP Shikhar Sammelan 2024: 'Strong opposition is very important for democracy'- Sachin Pilot
Embed widget