亚博体育官网首页

Union Budget Allocates Rs.103.76 Bn for NFR Railway Projects
ECONOMY & POLICY

Union Budget Allocates Rs.103.76 Bn for NFR Railway Projects

The Union Budget has earmarked ?103.76 billion for major railway projects under the North-East Frontier Railway (NFR) zone, signalling a substantial investment in the region's infrastructure. This allocation is set to enhance connectivity and support economic growth across the northeastern states of India.

The funding will be used for the development of several key railway projects, including the completion of crucial rail lines, station upgrades, and new track constructions. The primary focus will be on improving the efficiency and reliability of the rail network in the region, which has historically faced challenges due to geographical and infrastructural constraints.

Key projects include the expansion of rail links to remote areas, which will facilitate better access to economic opportunities and essential services for local communities. The investment is also aimed at reducing travel times and increasing the frequency of services, thus boosting overall connectivity.

Union Railway Minister Ashwini Vaishnaw highlighted that this substantial allocation underscores the government's commitment to enhancing transportation infrastructure in the northeastern states. The funding is expected to generate employment opportunities and stimulate regional development, aligning with the broader goals of improving infrastructure and connectivity across India.

The enhanced railway infrastructure will play a critical role in integrating the northeastern region with the rest of the country, fostering economic growth and improving the quality of life for residents.

The Union Budget has earmarked ?103.76 billion for major railway projects under the North-East Frontier Railway (NFR) zone, signalling a substantial investment in the region's infrastructure. This allocation is set to enhance connectivity and support economic growth across the northeastern states of India. The funding will be used for the development of several key railway projects, including the completion of crucial rail lines, station upgrades, and new track constructions. The primary focus will be on improving the efficiency and reliability of the rail network in the region, which has historically faced challenges due to geographical and infrastructural constraints. Key projects include the expansion of rail links to remote areas, which will facilitate better access to economic opportunities and essential services for local communities. The investment is also aimed at reducing travel times and increasing the frequency of services, thus boosting overall connectivity. Union Railway Minister Ashwini Vaishnaw highlighted that this substantial allocation underscores the government's commitment to enhancing transportation infrastructure in the northeastern states. The funding is expected to generate employment opportunities and stimulate regional development, aligning with the broader goals of improving infrastructure and connectivity across India. The enhanced railway infrastructure will play a critical role in integrating the northeastern region with the rest of the country, fostering economic growth and improving the quality of life for residents.

Next Story
Technology

HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport

The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India鈥檚 semiconductor journey. The project will see an investment of Rs 37 billion.The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.Five semiconductor units are already in advanced stages of constructi..

Next Story
Real Estate

Brigade acquires Velachery land for Rs 16-billion project

Brigade Enterprises has acquired a 5.41-acre land parcel on Velachery Road, Chennai, through an outright purchase for Rs 4.417 billion. Located next to Phoenix Market City, the site will be developed into a premium residential project with a gross development value of approximately Rs 16 billion and a development potential of 0.8 million square feet.The project offers strategic access to both the OMR IT Corridor and Chennai鈥檚 Central Business District, promising strong connectivity and premium lifestyle offerings. Brigade plans to create signature residences focused on aesthetics, functional..

Next Story
Equipment

Liebherr marks 10,000th XPower wheel loader milestone

Liebherr-Werk Bischofshofen has rolled out its 10,000th XPower wheel loader, marking a major production milestone. The anniversary L 580 XPower model, featuring a power-split travel drive developed with ZF Friedrichshafen AG, was handed over to the BERGER Group in Passau.鈥淭he transmission from our partner ZF is a key component of the drivetrain in our XPower wheel loaders,鈥� said Gerhard Pirnbacher, Head of Quality Management at Liebherr. 鈥淲ith an impressive total of around 64 million operating hours already clocked up by XPower models, this transmission has proven its exceptional robustn..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement