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Several sanctioned railway projects will be delayed due to lack of funds, the Railway Minister, Mr Dinesh Trivedi, said today, projecting an investment requirement of Rs 14 lakh crore by 2020 for modernisation and expansion.
Mr Trivedi said this in the Lok Sabha today as he sought and got approval for Rs 1 lakh in the Supplementary Demands for Grants for 2011-12 after a debate spread over several hours on Tuesday.
“We have come to Parliament with Supplementary Demands for Grants of Rs 1 lakh. This is only a technical demand as mainly some new safety related projects have to be taken up and parliamentary approval is required,” he said. .
The grants and the Appropriation (Railways) Bill were passed in the din by voice vote.
Mr Trivedi said the Railways would need “a huge investment” of around Rs 14 lakh crore by 2020 for new projects, besides the requirement of modernisation, infrastructure expansion and passenger amenities.
The Railways “faces huge financial constraints. There is a limitation of the rail system to generate ample resources for expansion and upgradation”, he said.
Noting that the backlog in completion of sanctioned projects and new lines alone would require over Rs 1 lakh crore, Mr Trivedi said,
“For want of adequate gross budgetary support, these projects are suffering and completion will get unduly delayed.
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