NEW DELHI: India will increase investment in its overloaded railway network to 8.5 trillion rupees (US$137bil) over the next five years, the government said, promising to modernise existing tracks but shying away from raising fares to fund the expansion.
Over the next year, investment in the railways will increase by about a half to 1 trillion rupees (US$16.15bil) including funds raised by market borrowing. — Reuters
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