Rs.40,367 crores invested on rolling stock
Indian Railways capital expenditure stands at 76% so far out of 2024-25 Budget Estimate of Rs.265,200 crore in the first nine months of the fiscal year, reflecting accelerated-pace of developments and upgrades of facilities.
Giving update on budget spending on 8 Jan, the Ministry of Railways said Rs.192,446 crores have already been spent on adding state-of-the-art capacity in a mission mode.
According to a latest expenditure report of Indian Railways till 5 Jan, heavy investment was made in capacity augmentation http://alstom.com.
For rolling stock, Rs.40,367 crores were spent by 5 Jan 2025, or 79℅ of the Rs.50,903 crore budgetary provision http://hitachi.com.
It said Rs.28,281 crore was spent on Safety related works, out of budgetary allocation of Rs.34,412 crore. This is 82% of the allocated amount https://www.siemens.com/global/en.html.
The government has prioritized transforming Indian Railways into a world class entity, which ferries on an average “2.3 crore Indians” daily from one part of the country to the other part at an affordable cost, said the Ministry http://transport.bombardier.com.
Charting out well on this path of development, India Railways is committing taxpayer’s money in capital expenditure to create state of the art infrastructure for generations to come, thus contributing in the direction of “Future ready” rail network. Fiinews.com
