India to account for 40 per cent of global rail travel by 2050

The report, ‘The Future of Rail: Opportunities for Energy and the Environment’ released recently by International Energy Agency said the annual investment in rail infrastructure will increase to USD 330 billion in 2050 globally on the basis of projects currently in various stages of construction and planning. Indian railways will have a share of 40 per cent of the total global rail activity and save around USD 64 billion on fuel bills by 2050, a report by International Energy Agency said.
“Rail activity in India is set to grow more than any other country, with passenger movements in India reaching 40 per cent of global activity. The biggest part of the increased investment goes to infrastructure for urban rail (nearly USD 190 billion) and high-speed rail (USD 70 billion); the additional costs of the trains are small in comparison,” the report said.
“As a result of these investments, in 2050 fuel expenditures are reduced by around USD 450 billion, relative to the base scenario. India could save as much as USD 64 billion on fuel expenditures by mid-century,” the report stated. The report also stated that the pace of infrastructure build is fastest in urban rail. The length of metro lines under construction or slated for construction over the coming five years is twice the length of those built over any five-year period between 1970 and 2015. The result, it said is unprecedented growth in passenger movements on urban rail.