Source:https://www.deccanherald.com/business/union-budget/indian-railways-likely-to-get-record-allocation-in-union-budget-as-govt-eyes-infra-developement-1186481.html
Publisher: Deccan Herald
With Finance Minister Nirmala Sitharaman set to present the Union budget on February 1, the railway is expecting to get budgetary support of Rs 1.9 lakh crore for 2023-24 financial year from Rs 1.4 lakh crore in the 2022-2023.
The Finance Minister is also likely to allocate another Rs 1.2 lakh crore from extra-budgetary resources.
With increased passenger expectations, the railways is planning to refurbish over 1,000 coaches of premier trains like Rajdhani, Shatabdi, Duronto, Humsafar and Tejas. These coaches interiors will be improved with a modern look and more passengers comfort, said the official.
Signification allocation is likely made to replace old tracks as the railways plan to speed up trains with Vande Bharat Express in more destinations. Aimed at attracting tourists, the Railways is proposing to manufacture 100 more Vistadome coaches.
Applauding the Railways’ efforts for recovering in both the passenger and freight segments post the Covid pandemic, the Economic Survey for 2022-23 has credited the government for substantial increase in funds that has allowed the national.
