Railways need nearly Rs 5 lakh crore to complete all sanctioned projects for which it is mobilising additional resources including private investment, FDI and private-public partnership. Railways Minister DV Sadananda Gowda said that keeping in mind the various pending projects announced by previous governments, he had refrained from announcing new projects in his Railway Budget speech.
At present, there are 362 major ongoing railway projects across the country worth Rs 1.82 lakh crore. He said 113 out of the 362 new lines, gauge conversion and doubling projects have been included in railway budgets during 2011-12, 2012-13 and 2013-14. The Minister said Railways has a huge number of ongoing projects and a limited overall availability of funds.
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