Indian Railways has spent nearly 76 per cent of the budgetary allocation for the current fiscal year 2024-25 so far, in modernising and expanding existing infrastructure and setting up new railway lines to strengthen India’s logistics network.
The addition of the state-of-the-art infrastructure reflects Indian Railways’ prompt execution of Prime Minister Narendra Modi’s vision of Viksit Bharat.
“Keeping pace with the budgetary allocation, Railways has spent 76 per cent of its budgetary outlay with in first nine months by January 5, 2025,” the ministry of railways said in a statement.
According to a latest expenditure report of Indian Railways till January 5, 2025, heavy investment is made in capacity augmentation, a reality aiming to make rail travel a world class experience in India.
The total capex for railways in Budget 2024-25 was Rs 2,65,200 crore with gross budgetary support of Rs 2,52,200 crore. Out of it, Rs 192,446 crores have already been spent.
For rolling stock, the budgetary provision was for Rs 50,903 crores. Out of this, Rs 40,367 crore were spent by January 5, which is 79 per cent of the budget, allotted for rolling stock. In safety related works, out of budgetary allocation of Rs 34,412 crore, the amount spent is Rs 28,281 crore, which is 82 per cent of the allocated amount.
The ministry further stated that capital expenditure made in the last one decade is visible in the form of 136 Vande Bharat trains, about 97 per cent electrification of broad gauge, laying of new lines, gauge conversion, doubling of track, traffic facilities work, investment in PSUs and metropolitan transport.
“This capital expenditure has led to faster, safer and world class travel experience at nominal cost to billions of Indians. With Vande Bharat sleeper trains at speed testing and safety certification stage, rail commuters in India are all set to experience world class travel very soon for long distance travel,” it said.
