Indian Railways (IR) has planned to allocate higher capital expenditure (capex) for major upgradation of Konkan Railway Corporation Limited (KRCL). The infrastructure upgradation includes renewal/replacement of capital assets, such as doubling of tracks and overhaul of tunnels. Reportedly, the Ministry of Railways (MoR) has already asked KRCL’s five shareholders, which includes, the state governments of Maharashtra, Goa, Kerala, Karnataka, and the MoR itself to either contribute through funds based on their share for capex or hand over their share in the favour of MoR.
Following this, only the Government of Goa has conveyed willingness to hand over its share in the favour of MoR.