InvestorQ : How was Infrastructure development presented in Budget 2019?
Aishwarya Nimbalkar made post

How was Infrastructure development presented in Budget 2019?

Sadaf Khan answered.
2 years ago

Piyush Goyal presented the development undertaken by the government such as, crossing the 100 operational airports with commissioning of the Pakyong airport in Sikkim. He also claimed that India is the fastest highway developer in the world with 27 kms of highways built each day. He proudly said that the govt. completed project like the Eastern Peripheral Highway around Delhi or the Bogibeel rail-cum-road bridge in Assam and Arunachal Pradesh, which was ought to be the a difficult one. He also mentioned that for the first time, container freight movement has started on inland waterways from Kolkata to Varanasi. Now, further going government is expecting to start container cargo movement to the North East as well, by improving the navigation capacity of the Brahmaputra river.

Coming to Railway, he focused on Railway's operating ratio seen 96.2% in FY19 Vs 95% FY20. Also providing a capex for FY20 to record Rs 1.6 lakh crore. He further claimed that today there is not a single unmanned railway crossing on the broad gauge in India. Introduced the "Vande Bharat Express" that will give a world class experience with speed, service and safety to the passengers. He expects the operating Ratio to improve from 98.4% in 2017-18 to 96.2% in 2018-19 (RE) and further to 95% in 2019-20 (BE).