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Budget 2024 for Railways Sector
What are the top expectations for the Railways Sector in the upcoming Interim Budget 2024-2025? Click on to financialexpress.com and get a comprehensive idea on our dedicated page Who Gets What. Navigate through a handy ready reckoner, meticulously crafted to provide a glance at previous Budgets declarations for the sector.
Budget 2024 Announcements for Railways Sector
Railways Sector
- Three major economic railway corridor programmes will be implemented. These are: (1) energy, mineral and cement corridors, (2) port connectivity corridors, and (3) high traffic density corridors.
- Key rail infrastructure projects including Metro Rail and Namo Bharat will be expanded to more cities.
- 40,000 normal rail bogies will be converted to the Vande Bharat standards to enhance safety, convenience and comfort of passengers.
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Budget Announcements for Railways Sector in FY2024
Railways Sector
- The newly established Infrastructure Finance Secretariat will assist stakeholders for more private investment in railways.
- Capital outlay of Rs 2.4 lakh crore provided for the Railways.
Budget Announcements for Railways Sector in FY2023
Railways Sector
- Announced implementation of the 'One-station-one-product' concept which will support local businesses and supply chains.
- It was revealed that over the next three years, there are plans for the development and manufacture of 400 new Vande Bharat trains.
- Plans to develop 100 cargo terminals for multimodal logistics facilities within the same timeframe were notified.
Budget Announcements for Railways Sector in FY2022
Railways Sector
- Rs 1,10,055 crore for Ministry of Railways was announced.
- A loan that aims to cover COVID-19-induced resource gap for Indian Railways was notified.
- Also announced to settle 2019-20 pension dues of Indian Railways.
Budget Announcements for Railways Sector in FY2021
Railways Sector
- Four railway station redevelopment projects and operation of 150 passenger trains were announced via the public-private partnership (PPP) mode.
Budget Announcements for Railways Sector in FY2020
Railways Sector
- Proposed capital support of Rs. 64,587 crore from 2019-20 budget
- Total capital expenditure program set at Rs. 1,58,658 crore
- Expected improvement in Operating Ratio: 98.4% in 2017-18 to 96.2% in 2018-19 (RE) and projected to be 95% in 2019-20 (BE)
- Announced semi-high-speed 'Vande Bharat Express,' the first indigenously developed and manufactured.
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