Budget 2016-17: Indian Railways gets nod for projects worth Rs 10,700 crore

The Cabinet has given a green signal railway projects amounting to Rs 10,700 crore, which also includes construction of six railway lines and a bridge.

Majority of the expenditure is expected to be met through extra budgetary resources.

The Indian Railways is also planning to add four more dedicated freight corridors.

Presently, the railways has undertaken Rs 81,459 crore projects to develop 3,342 km track comprising Eastern and Western DFC.

Among the proposals cleared on Wednesday include doubling of a 190-km-long Hubli-Chickajur broad gauge single railway line. The total estimated expenditure will be Rs 1294.13 crore. The project is part of an important rail link of passenger trains between Mumbai and Bangalore and goods trains to the ports at Mangalore.

Railway Minister Suresh Prabhu, gearing up to present his second Rail Budget on February 25, will unveil a plan to cut expenses and at the same time increase non-tariff revenue substantially to wade through the difficult phase in the public behemoth.