Government allocates Rs 64,587 crore for railways

The Government on Friday allocated Rs 64,587 crore for Railways in 2019-20 and overall capital expenditure for the national transporter will be Rs.1,58,658 crore.

In his interim budget 2019-20 presented in Parliament, Union Minister for Finance and Railways Piyush Goyal said, “Indian Railways has experienced the safest year in its history as all Unmanned Level Crossings on broad gauge network have been eliminated”.

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Introduction of the first indigenously developed and manufactured semi high-speed "Vande Bharat Express" will give the Indian passengers' world-class experience with speed, service and safety. This major leap in wholly developed technology by our engineers will give an impetus to the Make in India programme and create jobs, the Minister said

The Finance Minister stated that “infrastructure is the backbone of any nation’s development and quality of life. Whether it is highways or railways or airways or even digi-ways, we have gone beyond incremental growth to attain transformative achievements.”