New Delhi: Indian Railways plans to invest $11bn into a signalling system project across the country to improve the safety of journeys.
“We will bring the most modern technology of European Train Control System (ETCS) in India and it will be implemented across the country”, Union Minister of Railways Piyush Goyal said.
The South Western Railway division of the Indian Railways has produced a pre-feasibility report for the 160km Bengaluru suburban railway in the southern state of Karnataka, which was approved in 2014 but no work has been completed. This railway would require an investment of $1.8bn.
According to Goyal, 68km of the suburban railway network will be raised.
The weekly brief metro & rail professionals read.
Indian Railways also plans to invest $7.6bn to modernise the stations and deliver advanced rail coaches. The company has also proposed an equal cost-sharing arrangement between itself and Karnataka.