NEW DELHI: The Railway Ministry has sought Rs2,725 crore from the Finance Ministry for national projects, including the Udhampur-Srinagar-Baramulla line.
So far, Rs4,522.43 crore has been spent on the Rs11,270 crore project, which has been declared as a national priority by Prime Minister Manmohan Singh.
The proposed 290-km line from Udhampur to Baramulla via Srinagar would be the first rail link to the Kashmir Valley and is of strategic importance.
The Railways, which has a revenue surplus of over Rs20,000 crore, requires Rs6,747 crore to complete the line in Jammu and Kashmir.
While the Railway Minister proposed to invest Rs2,632 crore during 2007-08 on 137 new and ongoing projects like electrification and metropolitan transport projects, his ministry sought Rs2,725 crore from the Finance Ministry for projects of national importance in Jammu and Kashmir and North-Eastern Region.
These include Udhampur-Srinagar-Baramulla, Jiribam-Imphal Road (Tupul) and Kumarghat-Agartala new line and Lumding- Silchar-Jiribam gauge conversion projects.
There are apprehensions that the national project for Jammu and Kashmir may be delayed if adequate funds are not provided by Finance Minister in the Union Budget, to be presented on 28 February.