Indian Railways gives priority to passenger safety, invests 54 per cent more funds on it
Indian Railways has made approximately 54 per cent more fund utilisation in the last five months compared to last year's corresponding period. Besides safety, it has also made considerable fund utilisation in various infrastructure projects, such as new lines, doubling, gauge conversion and enhancing passenger amenities, between April 1 and August 31, the railway ministry said on Saturday.
«Indian Railways has witnessed approximately 48 per cent capital expenditure utilisation (highest ever) in the first five months of this financial year till August 2023,» according to a press statement issued by the Ministry of Railway.
«Safety of the passengers is paramount in Railways.
A significant sum has been invested in enhancing safety-related works. The capex utilisation is approximately 54 per cent in comparison to the last year's corresponding period,» the statement added.
During this period, the national transporter has earned a revenue of Rs 1 lakh crore, including revenue from the freight segment, passenger segment and other sundry revenue.
