Railways Ministry has launched an application, namely, Project Management and Information System (PMIS) for proper Monitoring of all the Railway projects throughout the country. Railways have over 600 major projects of network expansion and modernization costing around 4.5 lakh crores rupees. <br/><br/>Launching the application in New Delhi, Railways Minister Suresh Prabhu said, the Indian Railways has numerous big projects throughout the country which are of crores of rupees and have many complexities. He said that proper monitoring and management of these big projects is the demand of the Railways.<br/><br/>Mr Prabhu said, this new PMIS system will contain all the information about the ongoing projects which will help in reducing the completion time of the project. The Minister said that this new application will also help in fixing the responsibility for delay in projects. He said, this application will be able to have a watch over the life cycle of any project of the railways.