Cabinet Committee approves Rs 24,000 crore rail projects

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The Cabinet Committee on Economic Affairs has approved Rs 24,374 crore for rail projects, which would give a major boost to transport infrastructure by de-congesting key routes.

The investment, which would be in nine projects, seeks to construct 1,937.38 km of tracks across nine states.

More than 27% of the rail investment would go to two projects connecting Uttar Pradesh and Madhya Pradesh. A rail line between Mathura and Jhansi in Uttar Pradesh and another between Jhansi and Bina (Madhya Pradesh) would be developed at a cost of Rs 6,650.97 crore.

As per an official statement, the railway expansion projects would help upcoming industries in the region.

The goods trains supplying foodgrains from one region to another, various industries, mines, coal fields and power plants will have additional transport capacity through these lines resulting in more revenues to the Indian Railways, the official statement said.

The eastern states have also received sizeable investments. Projects in Jharkhand, Assam and connection between Odisha and Chhattisgarh and Assam would come up at a cost of Rs 6,368.53 crore.