Indian Railway leads in Capex spending at 46.6%

Maligaon,, Sep 13, 2023, PIB

In line up with the central government Capital Expenditure (Capex) plans to prioritize spending on
infrastructure, Indian Railways leads ahead with the spending by 46.6 %. Highways occupies the second
position with the spending of 46.4%.
The Railway Ministry has spent around Rs. 1.13 trillion (46.6%) of the capex target of
approximately Rs. 2.44 trillion. Most of the spending is going into improving ease of movement and
providing a safer rail network. Another focus of spending will be long-term infra projects like high-speed
trains, freight corridors and modernization of trains and stations. Railways is also speeding up its
electrification works, aiming to make the entire network electric by this year. Laying of new tracks and
doubling of tracks is expected to go up in current financial year.
N. F. Railway have incurred a total of 48.21% of capex for capacity augmentation works. 47.85%
spending has been done for laying of new lines and 51.93% for doubling works. To enhance safety related
works 59.84% has been spent for construction of new ROB’s/RUB’s and 74.90% for bridge related works.
Moreover, capex of 57.58% has been spent for purchasing & upgrading of Machinery & Plant in different
workshop and depots under NFR.
Capex is used to create assets like infrastructure and has a multiplier effect on the economy,
creating demand, income and employment. The central government had increased the capex target by
13.4% in financial year 2024 over the revised target of about Rs. 6.46 trillion in financial year 2023.