As many as 340 railway projects,including launch of new rail lines,were pending for want of funds,the government informed the Lok Sabha on Thursday.
As on 1.4.2011,there are 340 ongoing,new line,gauge conversion and doubling projects requiring about Rs 1.25 lakh crore for completion, Minister of State for Railways K H Muniyappa said during Question Hour.
He pointed out that the Railways had not hiked passenger fares for the past eight years to benefit the common man. As a result,the available funds get thinly spread over a large number of projects,resulting in slow progress as per availability of resources, Muniyappa said.
He said the Railways planned to increase revenue generation by carrying higher freight and passenger volumes,rationalistation of revenue stream,commercial exploitation of land and control over expenditure.