Urban infra, railways may get 70% of mobility spends
NEW DELHI: Urban infrastructure and railways may get more than 70% share of the investment that government envisages in the next 25 years. During the past two-and-a-half decades, the government put more thrust on the road and highways sector, which resulted in roads becoming the most preferred mode for freight transpotrt.
According to an estimate prepared by different ministries for the document titled “Infrastructure Vision @India 2047”, out the total Rs 835-870 lakh crore to be invested for infrastructure augmentation, nearly Rs 480-490 lakh crore would be for urban infrastructure and the second maximum investment of Rs 135-145 lakh crore for railways.
While one major thrust of the blueprint is to reduce the logistics cost and increasing speed and handling of cargo, the plan has set “aspirational” targets of reducing waiting time of commuters, ensuring 60% intercity rail passengers use high and semi-high speed trains and railways to meet its finance from its own revenue.
