In another important development, the Ministry of Railways (MoR) has set a new target for completing a total of 121 pending infrastructure projects by March 2024. These include 50 projects each in 2022-23 and 2023-24. Most of the pending projects are for augmenting the rail infrastructure, including the construction of new road-over-bridges and key projects such as eastern and western dedicated freight corridors. As of February 2022, 75 infrastructure projects will be completed beyond 2024, including the Mumbai-Ahmedabad high speed rail project to be implemented by National High Speed Rail Corporation Limited. It is estimated that by March 2024, the project will be 54 per cent completed. Meanwhile, MoR has a total of 285 projects, which require Rs 4,072.57 billion of investment. A total of 32 projects were slated for completion last year.