Railway Budget 2019: Nirmala Sitharaman proposes Rs 50 lakh crore investment for Railway infrastructure

Finance Minister Nirmala Sitharaman: Railway infrastructure would need an investment of Rs 50 lakh crores between 2018 and 2030. PPP to be used to unleash faster development and the delivery of passenger freight services. #Budget2019 https://t.co/kvLQfaMH59

— ANI (@ANI) July 5, 2019

"Comprehensive restructuring of National Highways Programme will be done, to ensure the creation of National Highways Grid of desirable capacity. Government envisions using rivers for cargo transport,it will also decongest roads and railways," Nirmala Sitharaman said in her speech.

Finance Minister Nirmala Sitharaman: Comprehensive restructuring of National Highways Programme will be done, to ensure the creation of National Highways Grid of desirable capacity.Government envisions using rivers for cargo transport,it will also decongest roads and railways. pic.twitter.com/I3G0bCm9IX

— ANI (@ANI) July 5, 2019

Sitharaman also speaks about the ambitious project of Bharatmala which will enhance the road connectivity. While Sagarmala will help port and waterways connectivity, she added.

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"These along with other such initiatives such as Udaan scheme will improve India's infrastructure, enable connectivity, and bridge the rural and urban divide," said Sitharaman.

Earlier on June 28, Railway Minister Piyush Goyal in Rajya Sabha’s question hour session said, “New employment opportunities have been created for 2.25 to 2.5 lakh people and currently, the recruitment process of 1.5 lakh vacant positions are under process. The Railways will, therefore, provide as many as 4 lakh jobs.”

-With ANI Inputs

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