Railway finances in ‘deep trouble’
He said the Railways can become an engine of growth in the coming years and contribute 2.5 percent to three per cent in the GDP with an improved infrastructure.
However, the Railway finances are in “deep trouble”, the Minister said.
While underlining that railways requires huge investments to expand its network to provide physical connectivity, he said that 30 to 40,000 km of lines need to be expanded to carry more cargo besides people.
He regretted that India does not have the required institutions to invest in such sectors.