Strengthening the railway network and enhancing Railways¡¦ carrying capacity has been a major focus of the Government. Regional connectivity scheme of UDAN (Ude Desh ka Aam Nagrik) initiated by the Government last year shall connect 56 unserved airports and 31 unserved helipads across the country.96.106. Our efforts to set up a Coalition on Disaster Resilient Infrastructure for developing international good practices, appropriate standards and regulatory mechanism for resilient infrastructure development are moving well.100.99. To raise equity from the market for its mature road assets, NHAI will consider organizing its road assets into Special Purpose Vehicles and use innovative monetizing structures like Toll, Operate and Transfer (TOT) and Infrastructure Investment Funds (InvITs). Corporate bonds rated or equivalent are investment grade. Railways Capex for the year 2018-19 has been pegged at `1,48,528 crore.

To invest in research, training and skilling in robotics, artificial intelligence, digital manufacturing, big data analysis, quantum communication and internet of things, Department of Science & Technology will launch a Mission on Cyber Physical Systems to support establishment of centres of excellence. In the current year, we included, in the scope of harmonized list of infrastructure, ropeways to promote tourism, logistics parks and expanded the scope of railways infrastructure to include development of commercial land around railway stations.110. 4000 kilometers are targeted for commissioning during 2017-18. Over 3600 kms of track renewal is targeted during the current fiscal. All stations with more than 25000 footfalls will have escalators. Operations have already started at 16 such airports. An Institute is coming up at Vadodara to train manpower required for high speed rail projects. Redevelopment of 600 major railway stations is being taken up by Indian Railway Station Development Co. We are confident to complete National Highways exceeding 9000 kilometers length during 2017-18. We are moving fast towards optimal electrification of railway network.98. NITI Aayog will initiate a national program to direct our efforts in the area of artificial intelligence, including research and development of its applications. Ltd. We will take reform measures with respect to stamp duty regime on financial securities transactions in consultation with the States and make necessary amendments the Indian Stamp Act. Foundation for the Mumbai-Ahmedabad bullet train project, India¡¦s first high speed rail project was laid on September 14, 2017. Task of connecting one lakh gram panchayat through high speed optical fiber network has been completed under phase I of the Bharatnet project. CCTVs will be provided at all stations and on trains to enhance security of passengers. Reserve Bank of India has issued guidelines to nudge Corporates access bond market. The government and concerned regulators will take necessary action.97. It is now time to move from grade ratings. The Government would initiate monetizing select CPSE assets using InvITs from next year. A Safety First policy, with allocation of adequate funds under Rashtriya Rail Sanraksha غير مجاز مي باشدh is cornerstone of Railways focus on safety.94. All railway stations and trains will be progressively provided with wi-fi. I have doubled the allocation on Digital India programme to ` 3073 crore in 2018-19. Other major steps include increasing use of technology like Fog Safe and Train Protection and Warning System.

There has also been significant improvement in the achievement of physical targets by Railways as well.93.101. Mumbai¡ transport system, the lifeline of the City, is being expanded and augmented to add 90 kilometers of double line tracks at a غير مجاز مي باشدt of over `11,000 crore. The Government will establish a unified authority for regulating all financial services in IFSCs in India. In India, most regulators permit bonds with the rating only as eligible for investment. We propose to expand our airport capacity more than 19 five times to handle a billion trips a year under a new initiative – NABH Nirman. International Financial Service Centre (IFSC) at Gift City, which has become operational, needs a coherent and integrated regulatory framework to fully develop and to compete with other offshore financial centres. 150 kilometers of additional suburban network is being planned at a غير مجاز مي باشدt of over `40,000 crore, including elevated corridors on some sections. First such train-set will be commissioned during 2018-19.

Airport Authority of India (AAI) has 124 airports.109.104.Our Government has scaled new heights in development of Road Infrastructure sector. Adequate number of rolling stock 12000 wagons, 5160 18 coaches and approximately 700 locomotives are being procured during 2018-19.105. Maintenance of track infrastructure is being given special attention.95. A decision has been taken to eliminate 4267 unmanned level crossings in the broad gauge network in the next two years. 108. Work on Eastern and Western dedicated Freight Corridors is in full swing. Modern trainsets with state-of-the-art amenities and features are being designed at Integrated Coach Factory, Perambur.

A major programme has been initiated to strengthen infrastructure at the Goods sheds and fast track commissioning of private sidings.103. 18,000 kilometers of doubling, third and fourth line works and 5000 kilometers of gauge conversion would eliminate capacity constraints and transform almost entire network into Broad Gauge. Global economy is transforming into a digital economy thanks to development of cutting edge technologies in digital space ¡V machine learning, artificial intelligence, internet of things, PETG shrink film Manufacturers 3D printing and the like.102. I propose to allocate `60 crores to kick start this initiative in 2018-19. The Government and market regulators have taken necessary measures for development of monetizing vehicles like Infrastructure Investment Trust (InvIT) and Real Investment Trust (ReITs) in India. Balance sheet of AAI shall be leveraged to raise more resources for funding this expansion. SEBI will also consider mandating, beginning with large Corporates, to meet about one-fourth of their financing needs from the bond market. In the last three years, the domestic air passenger traffic grew at 18% per annum and our airline companies placed orders for more than 900 aircrafts. Initiatives such as Digital India, Start Up India, Make in India would help India establish itself as a knowledge and digital society. A suburban network of approximately 160 kilometers at an estimated غير مجاز مي باشدt of `17,000 crore is being planned to cater to the growth of the Bengaluru metropolis. Ambitious Bharatmala Pariyojana has been approved for providing seamless connectivity of interior and backward areas and borders of the country to develop about 35000 kms in Phase-I at an estimated غير مجاز مي باشدt of `5,35,000 crore. A large part of the Capex is devoted to capacity creation. Combining cyber and physical systems have great potential to transform not only innovation eغير مجاز مي باشدystem but also our economies and the way we live