Railways Need 147,187 Crore, says Bansal

Friday, 30 November 2012, 10:04 Hrs
40
cmt right
46
Comment Right
82
cmt right
15
cmt right
Printer Print Email Email
rail


New Delhi: The railways need 147,187 crore for 347 pending projects, Railway Minister Pawan Kumar Bansal said.



He added that the pending work can be expedited if state governments pitch in with land and share the cost of construction.



Replying to supplemantaries in the Rajya Sabha, Bansal said railways had been making new announcements in response to demands of members and had landed with a "humongous" financial commitment.



"(Because of a) large number of projects, the financial spread has been thin. As a result, (we) found it difficult to finish work at a pace we might have liked," Bansal said.



He said allegations of time and cost overruns in finishing projects was not technically correct as work was being carried out in accordance with the money sanctioned.



Members expressed conern about time and cost delays and demanded that the railways should fix accountability.



Citing the 92-km rail line in Rajasthan, some members said its cost had gone up from 151 crore to 410 crore.



"We need to take up a few projects," Bansal said, adding that the ministry would work out the priority.



Bansal said 347 projects were pending and Railways needed 1,47, 187 crore for them.



He said Karnataka and Haryana had come forward to share the cost of projects. "It is standing invitation to all states," Bansal said.


Source: IANS
SPOTLIGHT
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..