Budget 2024: Three Major Railway Corridors to be Implemented

New Delhi: During the presentation of the Union Budget 2024 in the Lok Sabha on Thursday, the Union Finance Minister Nirmala Sitharaman said three major railway corridor programmes will be implemented. They are – the energy mineral and cement corridor, port connectivity corridors and high traffic density corridors.

These corridors identified under PM Gatishakti will enable multi-modal connectivity, improve logistics efficiency and reduce cost, Sitharaman said.

The decongestion of high-traffic corridors, she pointed out, will help improve operations of passenger trains, resulting in safety and higher travel speeds for passengers. The minister said that, with dedicated freight corridors, the three corridor programmes will accelerate India’s GDP growth.

“We have a fast-expanding middle class and rapid urbanisation is taking place. Metro Rail and NaMo Bharat (Regional Rapid Transit Systems) can be the catalyst for the required urban transformation. Expansion of these systems will be supported in large cities focusing on transit-oriented development,” she added.