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Construction : Transport Update | June 2016 | Source : CW-India

Railways to invest Rs.80,000 cr

Focusing on rail network expansion, Railways will increase the pace of laying new track to 19 km per day from the current 7.8 km, which will likely generate Rs 80,000 crore business in the procurement of cement, steel and cable, among others, in the next three years. Railways has laid 1,983-km-long track in 2014-15 and it increased to 2,828 km in the next year. There will be a total of 2,900 km of track in the current year, which will involve gauge conversion, doubling and also laying new rail, inorder to connect new areas.
 
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