Bhubaneswar: The Capital Expenditure (CAPEX) of various Ministries including Public Sector Undertakings with an annual capex target of Rs 100 crores and above has reached around 42.5 per cent of their annual target of about Rs 7.33 trillion in this financial year.
In the first five months of FY24, Indian Railways, excluding the Dedicated Freight Corridor Corporation of India and Kolkata Metro Rail Corporation, has spent around Rs 1.13 trillion (46.6 percent) of the capex target of approximately Rs 2.44 trillion.
Proper utilization of budgetary grant can directly affect the economy of the region, especially, expenditure towards Capital Investment indicates the growth of infrastructure of the organization and directly benefits the regional as well as National growth.
Till date of the current fiscal, i.e. from 1st April to 12th September 2023, East Coast Railway has spent around Rs 5611 as against the corresponding period of last fiscal of Rupees 2755 Crores. The Capital Expenditure of the current fiscal registered by East Coast Railway, till date is 46.51% of the budgetary grant.
This has been possible due to the consistent review of project works by the Hon’ble Minister of Railways, Shri Ashwini Vaishnaw. Shri Vaishnaw is prioritizing the development of Railway Infrastructure in the Region, along with various project works going on in this region and is also monitoring the developmental works regularly.
General Manager Manoj Sharma has also consistently been advising officials to focus on the speedy completion of various projects and also to coordinate with stakeholders, including State Government officials, for the early completion of the projects going on in the jurisdiction of East Coast Railway.
