Key Points
The finance ministry has proposed that the railways, road transport, and shipping ministries should conduct productivity tests for their completed projects..
The finance ministry has asked the Niti Aayog to conduct a study to assess the optimal share of different modes of transportation for freight and develop a plan to rationalize it. Currently, road transport carries around 65 per cent of the freight, while rail accounts for approximately 20 per cent, despite the higher cost of transportation by road compared to rail and waterways..
To facilitate the execution of projects related to multi-modal connectivity among the road transport, railway, and shipping ministries, the finance ministry has urged the Department for Promotion of Industry and Internal Trade (DPIIT) under the commerce ministry to establish an institutional arrangement mechanism..
The finance ministry has emphasized the need for collaborative planning of railway stations, ports, roads, waterways, and airports to ensure seamless freight movement...
The DPIIT recently announced that over 300 projects worth Rs 11.6 lakh crore, initiated by ministries and state government departments, have been evaluated using the 'national master plan' for integrated planning...
