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vaishnaw: Railways to develop 500 multi-modal cargo terminals in 5 years with Rs 50,000 investment: Union railway minister Ashwini Vaishnaw | India News

NEW DELHI: The Indian Railways has set the target to develop around 500 new multi-modal cargo terminals under the PM Gati Shakti programme with an investment of approximately Rs 50,000 crore in the next five years, Union railway minister Ashwini Vaishnaw said on Thursday. He said there will be multi-modal passenger terminals with complete and seamless integration of all modes of transport.
Speaking to reporters, Vaishnaw said they are hopeful of completing the development of 200 multi-modal cargo terminals in the next three years. This will boost the bulk cargo transport by the railways, which is the biggest source of revenue for the national transporter. He said the details of the plans will be out in the near future.
“There is a clear focus to give a new direction to infrastructure development and logistics movement in the country under the Gati Shakti programme. The intention is to reduce logistics cost, which is about 13% of the GDP. The reduction in logistics cost will bring competition and will also bring down the costs,” he said.
The minister said one of the major contributions of railways will be integrating the laying of fibre IT network all along the railway lines. “From now onwards, all our planning and execution will have a multi-modal approach,” he added.

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