Railways reports highest ever 9-month capital spend

Indian Railways has reported its highest ever capital expenditure (capex) in the first nine months of a financial year on Monday. The Railways said it spent Rs 1.96 lakh crores till December 2023 which is approximately 75% of total capex (Rs. 2.62 lakh crores) of Railways during this financial year.

According to official statement, “This investment is seen in various infrastructure projects like New Lines, Doubling, Gauge Conversion and enhancing passenger amenities…Significant sum has been invested in enhancing the safety related works.”