The Railways is set for a jump in its allocation with the Economic Survey 2021-22 pushing for a rapid growth in Capex for the national transporter to make it future-ready and engine of national growth.
The survey said the influx of funds is needed to not only meet the passenger demand but increase the modal share of railways in freight to 40-45 per cent from the present 26-27 per cent as laid down by the National Rail Plan.
The NRP lays down the road map for capacity expansion of the railway network by 2030 to cater to growth up to 2050.
“The target of 40-45% modal share for railways is necessary from the perspective of sustainability and also from the national commitments made globally for reducing emission levels.
