IR witnesses highest ever Capex Utilisation in 9 months

Indian Railways has witnessed approx. 75% Capital expenditure utilisation (Highest ever) in the first nine months of this Financial Year till December 2023. Indian Railways has made an expenditure of Rs. 1, 95,929.97 Crores till December 2023 which is approx. 75 % of total capex (Rs. 2.62 lakh crores) of Railways during this financial year. During the same period in December 2022, Indian Railways had witnessed capex utilisation of Rs. 1,46,248.73 Crores. This year, Capex Utilisation is approx. 33 % more in comparison to the last year’s corresponding period. This investment is seen in various infrastructure projects like New Lines, Doubling, Gauge Conversion and enhancing passenger amenities. Safety of the passengers is paramount in Railways. Significant sum has been invested in enhancing the safety related works.