India aims to invest $137 billion in railways in next 5 years
BY MANOJ KUMAR
NEW DELHI Thu Feb 26, 2015 4:00pm IST
Reuters) - The government unveiled plans on Thursday to invest $137 billion in its decrepit rail network over the next five years, heralding Prime Minister Narendra Modi's aggressive approach to building infrastructure needed to unlock faster economic growth.
Over the next year, India will increase investment by about a half to 1 trillion rupees ($16.15 billion) including funds raised by market borrowing.
http://in.reuters.com/article/2015/02/26/india-railway-budget-idINKBN0LU0HY20150226
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