The railways have finally identified the projects that will be funded by the Rs 1.5-lakh-crore loan that Life Insurance Corporation (LIC) has extended to the cash-strapped organization for the next five years.

Railway officials claim that the organization is under close scrutiny of Prime Minister Narendra Modi, who thinks that a robust railways can greatly contribute to the country's economy.


"He is personally reviewing the progress of critical railway projects and urging the ministry to hasten the speed of implementation," a senior Railway Board official told ET. Read more