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  Business   Economy  01 Feb 2018  Budget for Railways: Bengaluru, Mumbai big gainers

Budget for Railways: Bengaluru, Mumbai big gainers

THE ASIAN AGE.
Published : Feb 1, 2018, 2:24 pm IST
Updated : Feb 1, 2018, 2:35 pm IST

Bengaluru will get a corpus of Rs 17,000 crore for the local rail network. Karnataka goes to polls this year.

The state government would bear 20 per cent or Rs 349 crore of the total cost. (Photo: File/Representational)
 The state government would bear 20 per cent or Rs 349 crore of the total cost. (Photo: File/Representational)

New Delhi: Union Budget 2018 unveiled spruce-up plans for Mumbai’s suburban network.

Finance Minister Arun Jaitley announced the Mumbai suburban train network would be expanded by 465 at a cost of Rs 11,000 crore. He also said the government planned to allocate Rs 40,000 crore for the city's rail network.

 

Bengaluru will get a corpus of Rs 17,000 crore for the local rail network. Karnataka goes to polls this year.

Jaitley said: “The Mumbai transport system, which is the lifeline of the country, will be expanded and augmented to add 90 km of double line track at the cost of Rs 11,000 crore. An additional 150 km of suburban network is also being planned at a cost of Rs 40,000 crore, including elevated corridors at some sections."

Maharashtra Chief Minister Devendra Fadnavis tweeted "Celebrate Mumbai!" moments after the announcement was made.

Read: Budget 2018: Major boost to farmers, healthcare; standard reduction back for salaried

The suburban railway in Mumbai operates 2,342 local train services and carries more than 7.5 million commuters daily and this is the first time that the network is being expanded.

 

For Bengaluru, Jaitley announced a corpus of Rs 17,000 crore, a day after the state cabinet approved the Bengaluru Suburban Rail Projects' first phase to be implemented in the next three years. The project is a joint venture between the state government and the Indian Railways. The state government would bear 20 per cent or Rs 349 crore of the total cost.

"A suburban network of approximately 160 km at an estimated cost of Rs 17,000 crore is being planned to cater to the growth of the Bengaluru metropolitan," Jaitley said.

Railway officials said that in the Bengaluru network, as of now, there will be a total of 58 trains offering 116 services. Each train will have a capacity to carry 1,800 to 2,000 passengers per trip.

 

Tags: union budget 2018, arun jaitley, indian railways
Location: India, Delhi, New Delhi