OREANDA-NEWS. December 21, 2012. As on April 1, 2012, three are 347 ongoing new line, gauge conversion and doubling projects requiring about Rs. 1.47 lakh crore for completion. All sanctioned projects are progressing as per availability of resources.

 Targets for projects are fixed on yearly basis based on availability of funds. Many projects get completed in phases.

 To expedite completion of ongoing projects, efforts are made to generate extra budgetary financing through State participation, Public Private Partnership, defence funding, declaring some projects as National Projects and implementation of bankable projects through Rail Vikas Nigam Limited.

 In addition, (i) the contract conditions have been modified to bring efficiency in contract management and field units have been empowered with further delegation of powers; and (ii) security, land acquisition and environment issues are also taken up with State Governments and Ministry of Environment and Forest for early approvals.