Realtime updates pertaining to key announcements made ahead of and during the presentation of the Union Budget 2018-19
The government on Thursday said it plans doubling of 90 km of the railway tracks in Mumbai at an estimated cost of Rs 11,000 crore and also proposed an additional suburban network of 150 km in the city.
“The Mumbai transport system, which is also the lifeline of the city, is being expanded and augmented at 90 km of double line track at an estimated cost of Rs 11,000 crore,” Finance Minister Arun Jaitley said in his Budget speech in Parliament.
He said the government is planning an additional suburban network of 150 km in the city at an estimated cost of Rs 40,000 crore, including elevated corridors in some sections.
Maharashtra Chief Minister Devendra Fadnavis expressed his gratitude for the much-needed allocation.
Celebrate Mumbai !
₹40,000 crore for enhancing transportation in #Mumbai with expansion of suburban railway system & new airports.
This is big boost to infrastructure sector & economy !
Thank You Hon @narendramodi ji, @arunjaitley ji & @PiyushGoyal ji! #NewIndiaBudget
— Devendra Fadnavis (@Dev_Fadnavis) February 1, 2018
The Finance Minister said that to cater to the growth of Bengaluru metropolis, the government has planned a suburban rail network of 160 km at an estimated cost of Rs 17,000 crore.
The total capital expenditure allocated for Railways was also hiked to Rs 1.48 lakh crore, up from last year’s 1.31 lakh crore.