₹8-lakh crore rail infra plan.

The Railways is firming up a plan for infrastructure development with an ambitious target of pumping in more than ₹8 lakh crore over the next four years. The massive investment plan would involve high-speed rail connectivity, station redevelopment and capacity augmentation across the country.

“We are drawing up concrete plans for investment of about ₹8.5 lakh crore in the coming four years for modernisation of rail infrastructure,” said a senior Railway Ministry official.

According to the plan, while part of the funding will come from the capital expenditure provided for in the Rail Budget, a major chunk is expected to come from outside the budget through PPP and multilateral funding.

HBL