Budget 2025 expectations: The Narendra Modi authorities is more likely to introduce a complete five-year scheme in Union Budget 2025 to implement metro rail initiatives nationwide on a mission foundation. This long-term initiative aligns with the targets to boost metro and intercity speedy rail connectivity all through India.
India presently operates roughly 1,000 kilometres of metro and speedy rail networks throughout 23 cities in 11 states, with an extra 985 km below improvement.
For the fiscal yr 2024-25, the capital expenditure allocation stands at ₹24,785.94 crore for Mass Rapid Transit System and metro initiatives.
“The Centre wants to scale up metro connectivity to decongest cities as they grow,” a senior official disclosed to ET anonymously, suggesting that Budget 2025-26 may reveal a considerable programme in the direction of this goal.
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The implementation of metro and speedy rail initiatives in India sometimes entails collaboration between central and state governments.
Government officers indicated plans to broaden the present network to more than twice its measurement over the next 5 years by budgetary assist.
Official information reveals that India exceeded Japan’s metro rail network size in 2022.
India presently holds the third place globally in operational metro network size and is progressing in the direction of changing into the nation with the second-largest metro system worldwide.
The Union cupboard granted approval for metro initiatives in Delhi, Bengaluru, Thane and Pune in late 2024.
Finance Minister Nirmala Sitharaman will current the Union Budget 2025 in Parliament on February 1, 2025.
