-Rs. 8,286 crores spent towards various development works during the first five months of the current financial year.
South Central Railway has achieved significant progress in the execution of various development projects with the utilization of more than 54% Capital Expenditure (CAPEX) funds during the current financial year i.e., 2023-24 up to August, 2023. The utilization of funds under capital expenditure during same period of the previous financial year i.e., 2022-23 was 34 %.
South Central Railway has been sanctioned a staggering Gross amount of Rs. 15,258 crores as modified Budget Grant for the year 2023-24. In this sanction, the Gross Budgetary Support is Rs.15,205 crores towards Capacity Augmentation, Safety Related works, Customer Amenity works and Rolling stock acquisition for this financial year. The Capital Expenditure incurred towards various projects up to August, 2023 is Rs. 8,286 crores. on the other hand, the total capital expenditure during the last financial year i.e., 2022-23 stood at Rs.9056 crores on net basis.
Amongst the expenditure incurred towards the development projects undertaken during the first five months in the current financial year, Rs. 3999 crores was spent towards capacity augmentation works which includes construction of new lines, doubling, tripling, quadrupling, electrification and other traffic facility works; Rs. 981 crores was incurred towards Safety related works like construction of Road over bridges/Road under bridges, track renewals, Railway bridge works, Signal & Telecom works; Rs. 131 crores was incurred towards Customer/Passenger amenities works; Rs. 2296 crores was incurred towards Rolling Stock and inventory; and Rs. 879 crores was incurred towards expenditure for other assets.
South Central Railway has been able to achieve record in Capital Expenditure of more than 54% in the first five months of the current financial year with meticulously planning so as to ensure faster execution of several infrastructure development projects. Creation of new infrastructure and provision of last mile connectivity to various new lines has been accorded top priority. Redevelopment of important Railway stations and modification of freight terminals etc., have been given due importance.
Shri Arun Kumar Jain, General Manager, SCR has been regularly monitoring the progress of all developmental works to ensure speedy execution of the projects. He has been laying emphasis on proper planning to ensure minimum delay in projects execution. He appreciated the team for the progress made in the utilisation of CAPEX during the first five months in the current financial year and has advised to continue the meticulous planning so that project execution at each stage progresses swiftly.