Union Budget 2023: Railways capital outlay at all-time high of Rs 2.4 trn
Finance minister Nirmala Sitharaman lined up a record allocation for Indian Railways in her budget on Wednesday, at Rs 2.4 trillion, as the national transporter is looking for massive infrastructure expansion in coming years ahead.
During last year’s Budget, Sitharaman had allocated Rs 1,40,367.13 crore for the rail sector. “This is the highest ever outlay in the history of railways, almost nine times the outlay made in 2013-14,” the finance minister said.
The Indian Railways is set to build at least 500 Vande Bharat Express trains, achieve 100 per cent electrification and sterr an ambitious station redevelopment plan. In addition to the much-hyped Vande Bharat Express, Railways has also lined up plans to refurbish coaches of premier trains such as Rajdhani, Shatabdi, Duronto, Humsafar and Tejas.
