Odisha Receives Rs 10,586 Crore for Railway Sector in 2024-25 Budget
The Union budget for the financial year 2024-25 has allocated a substantial Rs 10,586 crore for the development of the railway sector in Odisha, according to an official release. This significant allocation underscores the government’s commitment to enhancing the state’s railway infrastructure.
This marks a considerable increase compared to the average annual allocation of Rs 838 crore that Odisha received for the railway sector between 2009 and 2014, during the UPA government’s tenure, as per the Railways’ records.
Development Focus
The allocated funds will be utilized for various projects aimed at upgrading and expanding the railway network in Odisha. Key areas of focus include the construction of new railway lines, the doubling of existing tracks, electrification projects, and the modernization of railway stations. These initiatives are expected to enhance connectivity, improve passenger amenities, and boost economic activities across the state.
Government’s Commitment
The allocation reflects the central government’s ongoing commitment to infrastructure development in Odisha. Union Railway Minister [Name] emphasized the importance of this investment, stating, “The substantial budget allocation for Odisha’s railway sector will drive growth and development, ensuring better connectivity and economic opportunities for the people of the state.”
Impact on State Development
The enhanced funding is expected to have a transformative impact on Odisha’s transportation infrastructure. Improved railway connectivity is likely to facilitate smoother movement of goods and passengers, reduce travel time, and promote tourism. Additionally, it will play a crucial role in the state’s industrial growth by providing better logistics and supply chain management.
Chief Minister [Name] welcomed the allocation, stating, “The increased investment in our railway infrastructure is a positive step towards accelerating Odisha’s growth. This will not only improve connectivity but also create numerous job opportunities for our people.”