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Indian Railway To Invest 73,000 Crore to Tackle Safety Issues :Piyush Goyal

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| February 14 , 2018 , 16:09 IST

Union Railway Minister Piyush Goyal on Tuesday announced plans to invest a sum of Rs 73,000 crores for resolving safety problems faced by passengers.

While addressing an India Infracon event organised by Asian News International (ANI), Goyal said a change in mindset is crucially required to implement large-scale projects across the country.

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Piyush Goyal said,"The best excuse has been lack of funds. We were used to taking long years to implement projects, using age-old technology. However, Prime Minister Narendra Modi has changed the mindset from a shortage of funds to availability of funds for every good idea. In order to ensure safety in railways, we plan to invest about Rs 73,000 crore in safety-related issues next year."

Goyal added, "In 30 seconds, we decided that Indian Railways and the people of India deserve the world's most modern signalling system, which will be implemented in the next six to seven years. For this, identification of bottlenecks is necessary. There is a need to modernise signalling, and improving line capacity."

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Goyal said that this move will not only address rail safety problems but also increase the punctuality which has been flagged as a major concern by travellers.

In the wake of rising rail accidents, Government started installing more robust signalling structure, particularly during the winter when travel is often affected by fog and pollution. This will avoid accidents especially the head-on collisions that have taken place in past.