Budget 2023: Sharp Jump In Capital Outlay For Railways
The enhanced funds are to be deployed in launching new trains and upgradation of existing railway infrastructure.
The enhanced funds are to be deployed in launching new trains and upgradation of existing railway infrastructure.
The Centre has been able to achieve the mega spending on the back of both highways and railways ministry, utilising over 80% of their allocation for the fiscal by Nov itself.
Railways to redevelop New Delhi and Ahmedabad railway stations, and Chhatrapati Shivaji Maharaj Terminus, Mumbai. These projects to create 35,000 jobs.
Cabinet decision of lowering land lease fee for a larger time period will likely sweeten Concor divestment deal. Govt may sell 30.8% stake in Concor and cede management control
The money spent in April is 10.5% of the annual capital expenditure target of ₹7,49,652 crore in 2022-23.