Railway transportation is a sustainable mode of transportation for reasons of safety, cost, carbon emission and energy requirements. It has a notable role in economic expansion in terms of passenger and freight services. In recent years, there has been a continuous demand to increase the competitiveness of railway transport via quantity and quality of service delivered. For instance there is a growing need to shift a substantial volume of freight and passenger traffic to rail. To meet the demand for enhanced railway infrastructure capacity, large modification of the infrastructure, improvement of traffic planning process and improvement of maintenance and renewal process are required. The obvious solution would be capital expansion of infra...