MoR seeks investments to the tune of Rs 5.25 trillion to enhance freight movement

India is working towards development of energy, mineral and cement transport corridors. The idea is to ensure seamless movement of coal, iron ore, bauxite and cement. To this end, Ministry of Railways (MoR) plans to seek Cabinet approval of Rs 5.25 trillion investment during fiscal years 2024-31 to improve rail connectivity to mining areas, cement plants and consumption points. This is based on the PM Gati Shakti National Master Plan. The corridor will help decongest the existing networks. It includes upgrading track infrastructure by doubling of existing routes and creation of alternative routes to avoid congested areas. According to GatiShakti masterplan and the data analysed by Department for Promotion of Industry and Internal Trade, the construction of new rail lines has risen to 12 km per day in 2023 from 4 km and the railways has planned laying of 13,264 km length of rail infra projects.