Indian Railways has invested over one lakh crore in various ongoing infrastructure and safety projects across the country till July in the current financial year of 2023-24. Railway sources said it was for the first time that the capex utilisation had crossed the mark of a lakh crore during the first four months of the financial year.
For the FY 23-24, the gross budgetary support is ₹2,60,200 crore. “So far between April and July, the Railways has already invested and utilised approximately 40% of the gross budgetary support, which is ₹1,01,796 crore,” official sources in the Railways said.
In the last FY 22-23, the gross budgetary support allocated for the Railways was ₹2,03,983 crore. “Last year, till July 2022, total capex utilisation was ₹63,887 crore, which is 31% of the allocation,” the sources added.
