New Delhi: Indian Railways has achieved a record capital expenditure utilization of approximately 75% in the first nine months of the current financial year, spending Rs. ₹1,95,929.97 crore till December 2023.
This expenditure represents nearly three-quarters of its total allocated capital expenditure of ₹2.62 lakh crore for the financial year.
Comparing this to the same period in the previous year, Indian Railways had a capex utilization of ₹1,46,248.73 crores in December 2022. The current figure indicates an increase of about 33% in capex utilization compared to the corresponding period last year.
The funds have been primarily invested in several infrastructure projects, including the construction of new railway lines, doubling of existing lines, gauge conversion, and improvements in passenger amenities.
Additionally, a significant focus has been placed on enhancing passenger safety, which is a paramount concern for Indian Railways.
This marked increase in capital expenditure utilization highlights Indian Railways’ concerted efforts to upgrade and expand its infrastructure, playing a crucial role in enhancing the nation’s transportation network.
