Over the last five years, the Indian Railways has invested over ₹1.22 lakh crore in replacing and upgrading its infrastructure, including tracks, bridges, locomotives, wagons, and signaling equipment. This significant expenditure aims to enhance safety and speed in train operations. The funding for this project came from a combination of...
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sources, including the Gross Budgetary Support and Internal Generation/Extra Budget Resources of the Ministry of Railways. The Railways has a dedicated budget of ₹29,325 crore for asset replacement and upgradation in the financial year 2023-24. The expenditure on specific asset types, such as tracks and rolling stock, has been detailed for each year between 2018-19 and 2022-23, with track renewals accounting for a significant portion of the overall investment.