Budget highlights on infrastructure (3/15)

– Finance Ministry to leverage India Infrastructure Finance Corporation to help finance major infrastructure projects.

– Redevelopment of 600 major railway stations being taken up.

– The suburban network of 160 kms in Mumbai at an estimated cost of Rs 17,000 crore being planned.

– Gross budgetary support for Railways hiked to over Rs 3 lakh crore in 2018-19 from Rs 2.73 lakh crore in 2017-18.

– Plans to expand airport capacity more than 5 times to handle a billion trips a year.

– Proposed expenditure on infra pegged at Rs 5.97 lakh crore as against Rs 4.94 lakh crore in FY’18.

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