100 more airports by 2024, Rs 1.7 lakh cr allocated for transport infrastructure: Sitharaman

Image
ANI General News
Last Updated : Feb 01 2020 | 1:15 PM IST

Finance Minister Nirmala Sitharaman on Saturday said Rs 1.7 lakh crore have been allocated for transport infrastructure in Union Budget 2020-21 and added that 100 more airports will be developed by 2024 to support the UDAN (Ude Desh ka Aam Naagrik) scheme.

"India's domestic aviation sector has been growing and UDAN scheme has contributed to the growth. 100 more airports will be developed by 2024 to support the UDAN scheme," said Sitharaman while presenting the budget for 2020-21.

The Centre's scheme UDAN was launched with the objective of making air travel affordable for common citizens of the country.

She said more Tejas like trains will be developed in India. "Around 1,150 trains will run under the public private partnership (PPP) mode. We will redevelop four railway stations with the help of the private sector. Also, more Tejas type trains will be developed to connect iconic tourist destinations."

Sitharaman said a proposal was under consideration for setting up large solar panel capacity alongside the railway tracks on land owned by railways.

The Union Minister said Rs 1.7 lakh crore have been provided for transport infrastructure in the union budget.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 01 2020 | 1:04 PM IST

Next Story