Union Minister for Railways Ashwini Vaishnaw says Indian Railways has utilised about 98% of its capital expenditure (capex) by the end of February in the current fiscal year. He adds that capex spending was close to complete by early March, describing the pace of project execution as rapid and indicating that spending was later paused to finish the fiscal year. Vaishnaw also links the investment and infrastructure work to future travel choices, saying upcoming rail corridors are expected to reduce journey times on several routes. According to him, reduced travel times would make trains more attractive than flights on those corridors. He further cites progress on electrification and track expansion, saying that 49,000 kilometres of tracks have been electrified and that 36,000 kilometres of new tracks have been added. The minister’s remarks indicate an ongoing effort to develop new railway corridors and improve service competitiveness against air travel, based on improved connectivity and reduced travel durations.
Ashwini Vaishnaw says Railways used 98% of FY26 capex by February-end
Union Minister for Railways Ashwini Vaishnaw says Indian Railways has utilised about 98% of its capital expenditure (capex) by the end of February in the current fiscal year. He adds that capex spendi...
- Ashwini Vaishnaw says Indian Railways utilised about 98% of FY26 capex by the end of February.
- Vaishnaw says capex spending was near complete by early March.
- He states that 49,000 km of railway tracks have been electrified and 36,000 km of new tracks have been added.
- The minister says upcoming corridors will reduce travel time on several routes.
- Vaishnaw says this will make people prefer trains over airlines on those corridors.
Union Minister Ashwini Vaishnaw said that in many of these routes the travel time will be significantly reduced and people will prefer trains over airlines on those routes
3 months agoIndian Railways utilised 98 per cent of its budget for FY26, reflecting the pace of execution of projects, and in the days to come, trains will dominate flights on several upcoming corridors across the country, Union minister Ashwini Vaishnaw said on Monday. "In the last financial year, the entire capex was spent practically by the 1st week of March itself. Practically by the last week of February, it was like 98 points some percentage. Then we had to, in a sense stop that because we have to complete the entire year," Vaishnaw said. He said 49,000 kilometres of railway tracks across the country has been electrified, which is more than the entire network of Germany and 36,000 kilometres of new tracks have been added, which is about six Switzerlands to Indian railway network. The minister said in many of these routes the travel time will be significantly reduced and people will prefer trains over airlines on those routes. Vaishnaw said the government is working on new corridors from
3 months ago
Sony to end PS5 disc production in 2028 as backlash grows
Sony says it will stop producing PlayStation game discs from January 2028, shifting to an all-digital distribution appro...
Father released after serving two decades for mobile phone theft
A man jailed for stealing a mobile phone for more than two decades is being released after being granted parole, accordi...
Milo Yiannopoulos deported from U.S. to UK after ICE immigration arrest
Milo Yiannopoulos, a British far-right political commentator, is deported from the United States to the UK after an ICE...