te Indian Railways sets record with highest-ever Capex utilization in nine months of this fiscal year | Zee Business

Indian Railways sets record with highest-ever Capex utilization in nine months of this fiscal year

As Indian Railways continues to set new benchmarks in Capex utilization, the nation anticipates continued progress and advancements in the railway infrastructure, contributing to the overall development of the transportation sector.

Indian Railways sets record with highest-ever Capex utilization in nine months of this fiscal year
The Railways has demonstrated its commitment to infrastructural development and passenger safety by investing a substantial sum of Rs. 1,95,929.97 crores.

In a remarkable achievement, Indian Railways has reported its highest-ever capital expenditure (Capex) utilization, reaching an impressive 75 per cent during the initial nine months of the current fiscal year from April 1, 2023, to December 31, 2023.

As per the official data provided by the Ministry, the Railways has demonstrated its commitment to infrastructural development and passenger safety by investing a substantial sum of Rs. 1,95,929.97 Crores, which accounts for approximately 75 per cent of the total Capex budget of Rs. 2.62 lakh crores allocated for this financial year.

The statement further said that comparing the data with the corresponding period in the previous year, Indian Railways has outperformed itself, achieving a remarkable 33 per cent increase in Capex utilization. In December 2022, the Capex utilization stood at Rs. 1,46,248.73 Crores, highlighting the substantial boost in investment in various infrastructure projects.

TRENDING NOW

These investments are dedicated to crucial projects such as the development of new rail lines, the doubling of existing lines, gauge conversion, and the enhancement of passenger amenities. A significant portion of the allocated funds has been directed towards initiatives aimed at improving passenger safety, reaffirming the Railways' commitment to providing a secure and efficient transportation system for the public.

As Indian Railways continues to set new benchmarks in Capex utilization, the nation anticipates continued progress and advancements in the railway infrastructure, contributing to the overall development of the transportation sector.

Written By: ANI
Updated: Mon, Jan 29, 2024
01:04 pm
New Delhi, ANI
RELATED NEWS
Indian Railways targets zero waiting lists in 4-5 years: Sources Indian Railways targets zero waiting lists in 4-5 years: Sources
Railways plans to upgrade ticketing capacity from 25,000 to 2.25 lakh per minute: Union Minister Ashwini Vaishnaw Railways plans to upgrade ticketing capacity from 25,000 to 2.25 lakh per minute: Union Minister Ashwini Vaishnaw
478 new Vande Bharat Express trains soon, 200 will be sleepers 478 new Vande Bharat Express trains soon, 200 will be sleepers
Vande bharat Metro train Indian Railways to roll out first indigenously designed hydrogen train from December 2023 Vande bharat Metro train Indian Railways to roll out first indigenously designed hydrogen train from December 2023
Chhath Puja Special Train 2022 for Bihar from New Delhi, Anand Vihar railway stations to Patna, Bhagalpur, Darbhanga, Samastipur, Katihar - List, timings Chhath Puja Special Train 2022 for Bihar from New Delhi, Anand Vihar railway stations to Patna, Bhagalpur, Darbhanga, Samastipur, Katihar - List, timings

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x