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Indian Railways will have a share of 40 percent of total global rail travel and save around USD 64 billion on fuel bills by 2050.
What Is It?
The annual investment in rail infrastructure will increase to USD 330 billion in 2050 according to a report by a Paris-based inter-governmental organization.
What’s In It?
The report named The Future of Rail Opportunities for energy by the Internation Energy Agency said the annual investment in rail infrastructure will increase to USD 330 billion in 2050 globally, on the basis of projects currently in various stages of construction and planning.
Rail activity in India is set to grow more than any other country, with passenger movements in India reaching 40 percent of global activity, India is expected see increased investment in urban rail infrastructure and high-speed rail.
The report also stated that the pace of infrastructure build is rapid in urban rail. The length of metro lines under construction or slated for construction over the coming five years is twice the length of those built over any five-year period between 1970 and 2015.