120 Billion Dollars to be Infused in Indian Railways in 5 Years: Suresh Prabhu

By PTI  www.newindianexpress.com

NEW DELHI: A whopping investment of USD 120 billion will be made in next five years in the cash-strapped railways which is in the process of upgradation and expansion, Railway Minister Suresh Prabhu said on Tuesday.

He highlighted the challenges faced by railways like ticketless travelling and bad condition of toilets in trains and sought innovative ideas from the youth to address these, with a promise of awards for best among them.

Addressing a gathering of students and alumni from IITs and other premier institutes like National Law University and London School of Economics, he said the railways is facing many challenges which need to be addressed.

Railways needs massive investment for upgradation and expansion of its network, Prabhu said.

“There has been no investment in the railways for the last 20-25 years… There will be an investment of USD 120 billion in the next five years to catch up with the backlog,” he said. More info

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