: Railways gets highest-ever capex of Rs 2.4 lakh crore #FinanceIndia #StockMarketNEWS #Business The outlay is nine times the amount that was provided in 2013-14 New Delhi: The capital outlay for

@StockMarketNEWS Wed 08 Feb, 2023

Posted in: #FinanceIndia #StockMarketNEWS #Business

Railways gets highest-ever capex of Rs 2.4 lakh crore #FinanceIndia #StockMarketNEWS #Business
The outlay is nine times the amount that was provided in 2013-14

New Delhi: The capital outlay for the railways has been increased to the highest-ever `2. 40 lakh crore in the union budget for 2023-24, union finance minister Nirmala Sitharaman said on Wednesday.

Presenting the budget in Lok Sabha, Sitharaman said the outlay for the railways is nine times the amount provided in 2013-2014.

She said 100 critical transport infrastructure projects for last- and first-mile connectivity for coal, fertilizer and foodgrain sectors have been identified and will be taken up on a priority basis with investment of `75,000 crore, including `15,000 crore from private sources, she said.

Budget papers showed that the net revenue expenditure of the railways is placed at `2,65,000 crore in the budget estimate (BE) 2023-24 as against `2,42,892. 77 crore in revised estimate (RE) 2022-23.

Reimbursement of losses on the operation of strategic lines has been kept at `487. 51 crore in BE 2023-24 as against `2,461. 9 crore in RE 2022-23. An amount of `780 crore has been provided in BE 2023-24 towards debt servicing of market borrowings for national projects.

The total outlay provided for capital expenditure in the budget estimate 2023-24 of `2,60,200 crore includes `2,40,000 crore from general revenues, `200 crore from Nirbhaya Fund, `3,000 crore from internal resources and `17,000 crore from internal and extra budgetary resources.

The total receipt of the railways comprising revenues from passenger, goods, other coaching, sundry other heads and Railway Recruitment Boards have been placed at `2,65,000 crore in BE 2023-24 as against `2,42,892. 77 crore of RE 2022-23.

Goods revenue in 2021-22 (actuals), BE 2022-23, RE 2022-23 and BE 2023-24 are `1,41,096. 39 crore, `1,65,000 crore, `1,65,000 crore and `1,79,500 crore respectively. Customer amenities includes integration of metro station with railway station projects costing `500 crore in BE 2023-24.

The allocation for rolling stock for the railways has almost doubled from `15,157. 86 crore in RE 2022-23 to `37,581 crore in 2023-24.

With increased passenger expectations, the railways is planning to refurbish more than 1,000 coaches of premier trains such as Rajdhani, Shatabdi, Duronto, Humsafar and Tejas. The interiors of these coaches will be improved with a modern look and for enhanced passenger comfort.

With high-speed Vande Bharat trains set to hit the tracks, the allocation for track renewal has been increased from `15,388. 05 crore in RE 2022-23 to `17,296. 84 crore this year.

The railways was allocated `1. 4 lakh crore in the union budget for 2022-23, of which `1. 37 lakh crore was earmarked for capital expenditure and `3,267 lakh crore for revenue expenditure.