Investment target for DFC revised to Rs 80,000 crore: Government
Government has revised investment target for Dedicated Freight Corridor (DFC) from Rs 27,000 crore to Rs 80,000 crore. As per the government, expenditure on land acquisition has multiplied several times leading to hike in investment target.
Government will construct more corridors and more investment which will reduce the cost and improve the technological levels in Railways.
India needs to urgently act on developing connectivity to ports, mines and power plants by expediting DFC which will provide a booster to the economy. As per experts, timely execution of projects will boost manufacturing output to 25% of GDP by 2025 and result in job creation.
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Month: Current Affairs - July, 2014