In the Interim Budget 2024-25, Union Finance Minister Nirmala Sitharaman said that the Centre will implement three major economic railway corridor programmes. These are:
- Energy, mineral and cement corridor, also being referred to as Energy Economic Corridor;
- Port connectivity corridor a.k.a Rail Sagar; and
- High traffic density corridors a.k.a Amrit Chaturbhuj.
Key points
- A total of 434 projects with an investment of ₹11 lakh crore will be rolled out under these programmes.
- These projects have been identified under the PM Gati Shakti for enabling multimodal connectivity.
- They will improve logistics efficiency and reduce costs.
- The resultant de-congestion of the high traffic corridors will also help in improving the operations of passenger trains, resulting in safety and higher travel speed for passengers.
- Together with dedicated freight corridors, these three economic corridor programmes will accelerate our GDP growth and reduce logistic costs.
