New Delhi – Claiming that the Indian Railways has experienced the safest year in its history, finance minister Piyush Goyal, who also holds the railway minister portfolio, allocated an overall capital expenditure of Rs 1,58,658 crore for the railways in Interim Budget 2019-20.
“Capital support from the budget for railways is proposed at Rs 64,587 crore in 2019-20 (BE). The railways’ overall capital expenditure programme is of Rs 1,58,658 crore,” said Goyal in the Interim Budget 2019.
The minister said operating ratio is expected to improve from 98.4 per cent in 2017-18 to 96.2 per cent in 2018-19 and 95 per cent in 2019-20.
The railways has eliminated all unmanned level crossings on broad gauge network, he said.
The first indigenously developed and manufactured semi high-speed Vande Bharat Express will not only provide a world-class experience to Indian railway passengers but also give an impetus to the Make in India programme and create jobs, Goyal said.
In Union Budget 208-19, finance minister Arun Jaitley had allocated Rs 1.48 lakh crore for the railways.