The Indian Government is planning to build new high-speed rail corridors to increase the country’s railway infrastructure.
As part of the ten-year expansion, the government will construct a Diamond Quadrilateral Project of high-speed trains and freight corridors with specialised agri-rail networks for perishable farm products.
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According to President Pranab Mukherjee, the government plans to provide administrative and financial sanctions to the 543km Mumbai – Ahmedabad corridor in next month’s budget.
"Lack of robust infrastructure is one of India’s major impediments," Mukherjee said.
"The government will put in place a fast-track, investment-friendly and predictable public-private partnership mechanism to modernise and revamp the railways and implement big-ticket projects, such as high-speed rail."
The government is also planning to build the Sagar Mala Project, which will connect sea ports with hinterland by rail and road.
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By GlobalDataThe growth in the India’s railway sector has slowed down, as approximately 28 projects awarded by the UPA government since 2011 have ended.
