Modi Govt To Invest Around Rs 2.17 Lakh Crore To Build Three New Dedicated Freight Corridors
Trial run of freight train on the Western Dedicated Corridor. (Facebook)
The three upcoming dedicated freight corridors (DFC) announced by the Finance Minister (FM) Nirmala Sitharaman in Budget 2021 are expected to be built with an investment of about Rs 2.17 lakh crore, reports
Moneycontrol.
In an effort to decrease logistics cost and aid the domestic manufacturing industry, on Monday (01 February) FM announced the East Coast Freight Corridor from Kharagpur to Vijayawada, East - West Freight Corridor from Bhusawal to Kharagpur to Dankuni and North - South Freight Corridor from Itarsi to Vijayawada.
Budget 2021 Rail Infra Push: FM Provides Rs 1.1 Lakh Crore For Railways, Announces New Dedicated Freight Corridors
Indian Railways
In a big boost to the improvement of Railway infrastructure in the country, Finance Minister (FM) Nirmala Sitharaman provided a record 1.1 lakh crores for Railways of which 1.7 lakh crores is dedicated for capital expenditure.
And in an effort to decrease logistics cost and aid the domestic manufacturing industry, FM announced the East Coast Freight Corridor from Kharagpur to Vijayawada, East - West Freight Corridor from Bhusawal to Kharagpur to Dankuni and North - South Freight Corridor from Itarsi to Vijayawada.
This will aid âNational Rail Plan - 2030â prepared by the Ministry of Railways for creation of a future ready railway infrastructure for India.