Railways modifies capex spending model, enhances focus on critical projects

The Indian Railways would be funding ongoing projects of national importance, especially those aimed at reducing congestion, on priority basis in order to speed up their construction. The national transporter has decided to disburse budgetary grants in full to projects nearing completion and will partially fund those in the initial stages.

V K Yadav, chairman, Railway Board, said this is being to expedite the construction of projects that are critical for reducing congestion. Of the 58 identified projects for reducing congestion, eight have been commissioned and seven were completed in the current financial year.

The railways had a budgetary allocation