Railways spent Rs 1 trillion on renewing safety assets: Ashwini Vaishnaw
Minister of Railways Ashwini Vaishnaw on Friday said that the railways have spent more than Rs 1 trillion on the renewal and upgradation of critical safety assets in the last five years. The amount includes Rs 65,000 crore from gross budgetary support (GBS) and a balance of Rs 40,378 crore from internal and extra-budgetary resources by the Ministry of Railways.
Vaishnaw provided this information in a written reply in the Rajya Sabha on Friday.
From 2018-19 to 2022-23, the railway ministry undertook a gross expenditure of Rs 1,05,378 crore on Rashtriya Rail Sanraksha Kosh (RRSK) works. The fund has been extended for another five-year term from 2022-23 with a GBS of Rs 45,000 crore.
