Indian Railways achieved it’s highest ever capital expenditure(Capex) utilization in the initial nine months of the current fiscal year.
With a commitment to enhancing passenger safety and bolstering infrastructure, the Railways has invested a substantial sum of Rs. 1.95.929.97 crores, which amounts to an impressive 75% of the total Capex budget of Rs.2.62 lakh crores allocated for the financial year, as per the official data provided by the Ministry.
The statement further added, “Comparing the data with the corresponding period in the previous year, Indian Railways has outperformed itself, achieving a remarkable 33 percent increase in Capex utilization. In dec 2022, the capex utilization stood at Rs. 1,46,248.73 crores, stressing on the substantial boost in investment in various infrastructure projects.
The allocated funds are primarily directed towards crucial initiatives such as the development of new rail lines, doubling of existing lines, gauge conversion, and the enhancement of passenger amenities. Notably, a considerable portion of the investment is focused on initiatives aimed at promoting passenger safety measures, highlighting the Railways commitment to ensuring secure and efficient transportation system for the public.
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