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India to Spend Billions Revamping Massive Rail Network

India will spend $137 billion to revamp its massive rail network - the fourth largest in the world. The railways ferry nearly 23 million passengers daily and transport 3 million tons of freight over a network that spans 64,000 kilometers. With 1.3 million people on its payroll, it is India’s largest employer. But although it is called the country’s lifeline, much of the rail infrastructure is creaking and outdated. Accidents claim scores of lives every year, trains are overcrowded, and...

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