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Railway Minister announces reduction in passenger fares
An investment of Rs.75,000 crore will be made over the next seven years to augment line capacity on identified routes to create the required capacity for carrying an additional 310 million tonnes. This was announced by the Minister of Railways, Shri Lalu Prasad, while presenting the Railway Budget 2008-09 in the Lok Sabha today.
Shri Lalu Prasad said that the above works include construction of the Eastern and Western Corridors and informed that 104 throughput enhancement works, already in progress, would be completed over the next two years. He said that the entire network would be provided with Intermediate Block Stations (IBS) by March next year.