The Union Budget has proposed a record budgetary allocation of ₹1.37 lakh crore for the Railways, with a capital expenditure outlay of over ₹2.45 lakh crore for the upcoming financial year. With a 14% higher capital expenditure over last year, the national transporter plans to utilise the funds to complete key stalled projects and enhance passenger amenities and safety.
Finance Minister Nirmala Sitharaman on Tuesday also announced that 2,000 km network will be brought under Kavach — an indigenous technology developed for safety, in 2022-23, and 400 new-generation Vande Bharat trains with better energy efficiency and passenger riding experience will be developed and manufactured during the next three years.
