Budget: Railways gets Rs 2.40L cr capital outlay, the highest ever

Indian Railways obtained a serious enhance from the Union Budget 2023-24 being offered by Union Finance Minister Nirmala Sitharaman in the Parliament on Wednesday.

The Finance Minister in her Budget speech introduced that Indian Railways will get a capital outlay of Rs 2.40 lakh crore, the highest ever until date, which can assist roll out main tasks, together with new Vande Bharat trains, electrification of railway traces and others.

The Railways is prone to roll out 75 Vende Bharat trains by August 2023.

As per the Economic Survey 2022-23 launched on Tuesday, Indian Railways has witnessed spectacular progress in capital expenditure (capex) on infrastructure.

As per the Survey, capital expenditure on infrastructure has obtained an amazing enhance since 2014. It has seen a steady enhance in the final 4 years with capex (Budget Estimates) of Rs 2.5 lakh crore in FY23, up by round 29 per cent in comparison with the earlier yr.

During the present monetary yr (until December 12, 2022), Indian Railways has already accomplished 2022 observe kilometres (TKM), which incorporates 109 TKM of latest line, 102 TKM of gauge conversion and 1,811 TKM of multi-tracking tasks.