Published: Thu, February 15, 2018
People | By Leon Thompson

Here's how Railways is planning to cut your overnight travel time

Here's how Railways is planning to cut your overnight travel time

Overnight intercity travel could soon get faster as railways plans to run trains at a speed of 200-250 kmph on new high speed corridors to be announced in April this year.

India could spend up to $12 billion in upgrading the signalling system on its entire rail network over the next six years to the contemporary European Train Control System (or ETCS), rail minister Piyush Goyal said in an interview. To cut the cost down, the department is thinking about alternatives such as, building single column, two track corridors on the top of highways or building them on existing railroad tracks. These routes would compete with short-haul air travel. This will cut down significant costs of land acquisition as well as reduce the timeline for project completion, since land acquisition is often the lengthiest process. If we can bring down the travel time to an hour or an hour and a half, then passengers are likely to use the high-speed train, " ToI quoted an official as saying.

Addressing the issue of increasingmetrofares, Railway Minister Piyush Goyal on Tuesday said the fare is still nominal even after it being increased a year ago.

Valeant Pharmaceuticals Intl Inc (NYSE:VRX) consensus recommendation is "Hold"
Shell Asset Mngmt has invested 0.23% in Valeant Pharmaceuticals International, Inc. (NYSE:VRX) for 425,000 shares. (NASDAQ:ADSK). The rating was maintained by Piper Jaffray with "Sell" on Wednesday, August 9. (NYSE:VRX) received a Buy rating from 3 analysts.

Appreciating Prime Minister's efforts he said, "The best excuse has been lack of funds".

On being asked whether the Centre had taken this decision keeping the assembly elections in Karnataka in mind, Goyal said Prime Minister Narendra Modi takes all decisions in the national interest and not because of elections.

Responding to a question on whether reforming the railways would take a hit because of the heavily-funded signature bullet train project, Goyal said that his ministry has not discounted the funds for safety and other reforms in the Indian railway in favour of the bullet train project.

Like this: