Maligaon, January 07: The Indian Railways has made good progress in capital expenditure (CAPEX) in the current fiscal 2024-25, with the total CAPEX topping Rs 2 lakh crore till December 2024. Through this, railways have already utilized 76% of the capital allocation, which is Rs 4875 crore higher in comparison to financial year 2023-24.
Indian Railways is undertaking major capital investments for improving ease of movement of trains, providing a better passenger experience and ensuring a safer rail network.
Major focus areas include capacity augmentation like new lines, gauge conversion, doubling, traffic facilities work, railway electrification as well as modernization of railway stations, freight terminals and other infrastructure. Particular focus is being given on safety works, where 82% of safety related CAPEX has already been spent in the first nine months of the financial year.
Northeast Frontier Railway is also playing an active role in this effort along with the rest of the Railway zones. NFR has already utilized 99.24% of the allocated CAPEX funds for capacity augmentation works.
Further, 75.51% of the funds for doubling works and60.78% funds for safety related works have also been already utilized. 71.43% of the funds allotted for construction of new Road Over Bridges and under bridges have been utilized, and 71.96% of funds for bridge related works have also been productively spent.
Capital expenditure is need for the creation of vital assets of the Railways, which not may enhance safety, efficiency and passenger comfort, but also has a multiples effect on the economy, creating demand, income & employment.
