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Cabinet Approves Three Major Railway Projects to Strengthen Indian Railways

by Economy India
August 30, 2024
Reading Time: 2 mins read
Cabinet Approves Three Major Railway Projects to Strengthen Indian Railways
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EconomyIndia: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved three significant railway projects under the Ministry of Railways. The total estimated cost of these projects is approximately ₹6,456 crore, with completion expected by the financial year 2028-29. During the construction phase, these projects are anticipated to generate around 11.4 million man-days of direct employment.

The three approved railway projects include:

  1. Jamshedpur-Purulia-Asansol Third Line
  2. Sardega-Bhalumuda New Double Line
  3. Bargarh Road-Nawapara Road New Line

These projects aim to enhance the mobility, efficiency, and service reliability of Indian Railways by providing direct connectivity. Additionally, the multi-tracking proposal will ease operations and reduce congestion, contributing to the much-needed infrastructure development on some of India’s busiest railway corridors.

These initiatives align with Prime Minister Narendra Modi’s vision of a “New India,” promoting broad regional development and boosting employment and self-employment opportunities, thereby empowering local communities.

The projects emphasize connecting previously unlinked areas, enhancing line capacity, and improving the transportation network to boost logistical efficiency. This will streamline supply chains, thereby promoting economic growth.

These projects are a result of the PM Gati Shakti National Master Plan for multi-modal connectivity, made possible through integrated planning. The projects are designed to ensure seamless connectivity for the movement of people, goods, and services. Spanning across four states—Odisha, Jharkhand, West Bengal, and Chhattisgarh—these projects will extend the existing Indian Railway network by approximately 300 kilometers.

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Economy India

Economy India

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

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