MoR sets new targets for completing projects

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.