Konkan Railway needs major replacements to ensure safety, minister tells LS

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Konkan Railway needs major replacements to ensure safety, minister tells LS - Business Standard

Quick Summary:

Vaishnaw said the infrastructure replacement requires major capital expenditure and the five shareholders of KRCL - Ministry of Railways, Government of Maharashtra, Government of Karnataka, Government of Goa and Government of Kerala - have been approached by the Ministry of Railways to contribute for capital expenditure or to relinquish their share in favour of the ministry.

The infrastructure of Konkan Railway Corporation Limited has become more than 25 years old, requiring major renewal of capital assets to ensure safety of traffic, Railway Minister Ashwini Vaishnaw informed the Lok Sabha in a written reply on Wednesday.

The minister replied to questions raised by BJP MP Kota Srinivas Poojary, who wanted to know the status of merger of Konkan Railway.