
Indian Railways Achieves Record Capital Expenditure Utilization in First Nine Months of FY 2023
New Delhi: The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved three major railway projects with a total estimated cost of Rs 6,456 crore. These projects are aimed at enhancing logistical efficiency, expanding railway capacity, and fostering economic growth by improving transportation networks across India.
The approved projects are part of the government’s efforts to connect previously unconnected areas, improve mobility, and streamline supply chains. By expanding the existing railway infrastructure, the projects will lead to better service reliability and reduced congestion on some of the busiest railway sections in the country.
The new line proposals and multi-tracking initiatives align with Prime Minister Modi’s vision of a self-reliant India (Atmanirbhar Bharat), aiming to provide economic development and create new employment and self-employment opportunities in the regions covered by the projects.
These initiatives stem from the PM-Gati Shakti National Master Plan, designed for integrated multi-modal connectivity. The projects will ensure seamless movement of people, goods, and services, further boosting the economy.
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