Indian Railways’ Network Capacity Gets Boost With Capex Plan of Rs. 2 Lakh Crore Till FY24

Mr. Tribhuvan Darbari, MD & CEO – Texmaco (Adventz Group), has lauded the Indian Railways’ planning for a capital expenditure of Rs 2 lakh crore annually till FY24 owing to elaborate plans of the government to upgrade railway infrastructure across the country. According to the article published in Times Now, Railway Board Chairman Vinod Kumar Yadav said the Indian Railways’ network capacity will get a significant boost by March 24 that will majorly help the freight movement capacity of the railway network.
According to Mr. TS Darbari, Indian Railways’ Network capacity will get a significant boost with the Capex plan of Rs. 2 lakh crore till FY24.
According to the article published in the Economic Times, “The plan includes doubling of 11,000 km of track, increasing by three or four times the 3,000-km route network, 51 projects related to coal connectivity and 10 projects related to port connectivity among others.”
Railway Board Chairman Mr. Vinod Kumar Yadav said, “All these projects which are earning ROR (return on revenue) of more than 12%, we’ll be funding them through extra-budgetary resources, and therefore, whatever the budgets have been allocated for the individual projects for the next four years, including this year. We have already given our requirement to Indian Railways Finance Corporation so they can arrange the funds.” According to Mr. Tribhuvan Darbari, it will also help the railways to better plan its work in advance depending on the funds allocated to them.
Mr. TS Darbari said, “It must be noted that the Indian Railways has witnessed striking 15% growth in freight loading in September 2020 despite COVID19 challenges.” Mr. Tribhuvan Darbari was referring to the reports published on various news sites which mention that the Indian Railways earned more revenue in the month of September as compared to last year in spite of COVID-related challenges. In September 2020, Indian Railways earned Rs. 9,896.86 crores from freight loading which is Rs 1,180.57 crores higher compare to last year’s earnings for the same period (Rs 8716.29 crores). The increase in freight revenue is 13.54%.”

Mr. TS Darbari shared a post on social media appreciating the initiative of the Ministry of Railways and congratulated the Hon’ble Prime Minister of India – Shri Narendra Modi and Hon’ble Minister of Railways – Mr. Piyush Goyal.

Read the full article here –

Indian Railways’ planned annual capital expenditure till FY24 stands at Rs 2 lakh crore

Sources-

Times Now

Economic Times