Indian Railways has made significant progress in meeting its financial targets for the 2024-25 fiscal year, with 76 percent of its allocated budget already spent in the first nine months. This timely expenditure highlights the effective implementation of various projects aimed at enhancing railway capacity and safety, according to a recent official statement.
The total Capital Expenditure (Capex) for Indian Railways in the 2024-25 Budget is set at Rs 2,65,200 crore, with Gross Budgetary Support of Rs 2,52,200 crore. As of now, Rs 1,92,446 crore has been spent, underscoring the department’s efficient financial management. The report also revealed that Rs 1,198 crore was spent in just the first four days of the new year, further emphasizing the momentum of ongoing projects.
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With nearly three months remaining in the fiscal year, Indian Railways has already utilized 76 percent of its overall Capex budget. In particular, for rolling stock, Rs 40,367 crore has been spent out of the allocated Rs 50,903 crore, which accounts for 79 percent of the budget. Similarly, safety-related works have seen an 82 percent expenditure, with Rs 28,281 crore spent from a total of Rs 34,412 crore allocated for this purpose.
Indian Railways continues to focus on its transformation into a world-class transportation system. Each day, the railway system serves around 2.3 crore passengers, providing affordable travel across the country. The ongoing investments, particularly in the last decade, have already resulted in notable achievements, including the deployment of 136 Vande Bharat trains, the near-completion of electrification of broad-gauge lines, the construction of new lines, gauge conversions, track doubling, and various upgrades to traffic facilities.
“The fruits of consistent Capex investments are now visible in the form of faster, safer, and more world-class travel experiences at a nominal cost,” the statement said. With Vande Bharat sleeper trains currently undergoing speed testing and safety certification, long-distance rail passengers in India are set to experience a revolutionary travel experience shortly.
Looking ahead, Indian Railways remains committed to building a comprehensive, future-ready rail transport system. By investing in infrastructure and technology, it is contributing significantly to the country’s vision of becoming a “Viksit Bharat” (Developed India).