Guwahati: The Indian Railways is leading the way in terms of capital expenditure (capex) spending, with 46.6% of the total capex budget allocated to the railways. Highways is in second place, with 46.4% of the capex budget. This is in line with the central government’s plans to prioritize spending on infrastructure.
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 made on improving ease of movement and providing a safer rail network, an official release said.
Another focus of spending is the long-term infra projects like high-speed trains, freight corridors and modernization of trains and stations. Railways, it informed, 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.
Northeast Frontier Railway (NFR) 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.
Dear Reader,
Over the past four years, EastMojo revolutionised the coverage of Northeast India through our sharp, impactful, and unbiased coverage. And we are not saying this: you, our readers, say so about us. Thanks to you, we have become Northeast India’s largest, independent, multimedia digital news platform.
Now, we need your help to sustain what you started.
We are fiercely protective of our ‘independent’ status and would like to remain so: it helps us provide quality journalism free from biases and agendas. From travelling to the remotest regions to cover various issues to paying local reporters honest wages to encourage them, we spend our money on where it matters.
Now, we seek your support in remaining truly independent, unbiased, and objective. We want to show the world that it is possible to cover issues that matter to the people without asking for corporate and/or government support. We can do it without them; we cannot do it without you.
Support independent journalism, subscribe to EastMojo.
Thank you,
Karma Paljor
Editor-in-Chief, eastmojo.com
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. Capex of 57.58% has been spent for purchasing and upgrading of machinery and 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.
Also Read | Northeast journalist wins Rocky Mountain Emmy for documentary
Trending Stories
- Meghalaya: Over 3,000 people to join Sohra intn’l half-marathon
- Could online abuse drive women out of political life?
- Assam workshop highlights DNA tech’s role in wildlife crime investigation
- Assam: Rice as a peace offering in India’s human-elephant conflict capital
- Nagaland: Three NSCN-K (Niki) cadres held with weapons cache
- Are sexual harassment victims ‘silenced’ at Tripura University?
