| 18 Sep 2024 12:38 | | Finance Minister urges railway officials to meet the allocated Capex target in stipulated timeframe | | | Union Minister for Finance and Corporate Affairs Nirmala Sitharaman chaired a review meeting today on the Budgeted Capital Expenditure (Capex) of the Ministry of Railways (MoR) in New Delhi, yesterday. Underlining the focus of the Government on providing ‘ease of living’ for citizens, Sitharaman urged the officials of the Ministry of Railways to focus on capacity augmentation, safety and commuter convenience, including doubling and electrification of existing railway tracks and also laying of new railway lines across the country as per the capex outlay provisioned in the Union Budget. The MoR officials informed Smt. Sitharaman that 434 railway projects have been identified under three Economic Corridors totalling 40,900 km with a total investment plan of Rs.11.16 lakh crore. The Union Finance Minister further told the officials to expedite the implementation of Kavach system (India’s indigenous Automatic Train Protection (ATP) system) in a phased manner and meet the allocated Capex target in the stipulated timeframe.
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