CosmicTaco

Cabinet Approves Major Railway Projects and Space Fund

CosmicTaco · 2024-10-25T06:37:26.664368+05:30

- **Union Cabinet** chaired by PM Modi approved two **railway projects** in Andhra Pradesh, Telangana, and Bihar. - New railway line connecting **Amaravati** with ₹2,245 crore investment, to be completed in five years. - **Multi-tracking project** in Bihar to enhance connectivity, serving 388 villages and 9 lakh population. - **₹1,000 crore venture-capital fund** for space-sector startups, supporting 40 enterprises. - Projects to generate direct employment for about **1 million human-days**. Source: [Hindustan Times](https://www.hindustantimes.com/india-news/2-rail-projects-funds-for-space-firms-get-govt-nod-101729812719577.html), [The Hindu](https://www.thehindu.com/news/national/cabinet-panel-approves-two-railway-projects-with-a-cost-of-6798-crore/article68792334.ece)

Union Cabinet chaired by PM Modi approved two railway projects in Andhra Pradesh, Telangana, and Bihar.
New railway line connecting Amaravati with ₹2,245 crore investment, to be completed in five years.
Multi-tracking project in Bihar to enhance connectivity, serving 388 villages and 9 lakh population.
₹1,000 crore venture-capital fund for space-sector startups, supporting 40 enterprises.
Projects to generate direct employment for about 1 million human-days.

Source: Hindustan Times, The Hindu