The Centre aims to complete 34 various ongoing projects of Indian Railways in the Northeast (NE) over the next 5-6 years that will entail an additional investment of around Rs 35,000 crore.
According to Northeast Frontier Railway, about Rs 20,000 crore have already been spent for these projects as on 31 March 2014. Railways Minister Sadananda Gowda said the Indian Railways has been under fund crunch and could spend for either completing existing projects or implementing new ones.
The total ongoing projects of laying new tracks and gauge conversion is 4,517 km as on 1 April this year, of which only 1,889 km have been commissioned.
Gowda said the Railway Budget for 2014-15 has allot-¡ted Rs 5,400 crore for carrying out the ongoing projects and it was 54 per cent higher than the previous year.
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