The Capital Expenditure (Capex) of various Ministries including Public Sector Undertakings with an annual capex target of Rs 100 crore 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 FY 2023-24, the 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 utilisation of budgetary grant can directly affect the economy of the region.
Especially, expenditure towards capital investment indicates the growth of infrastructure of the organisation and directly benefits the regional as well as national growth.
Till date of the current fiscal, i.e. from April 1 to September 12, the East Coast Railway has spent around Rs 5,611 crore as against the corresponding period of last fiscal of Rs 2,755 crore. The capex 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 Minister of Railways Ashwini Vaishnaw. 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 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 ECoR jurisdiction