+
 Indian Railways boosts investment in passenger safety by 54 per cent
RAILWAYS & METRO RAIL

Indian Railways boosts investment in passenger safety by 54 per cent

Indian Railways has taken substantial steps to prioritise passenger safety, with a remarkable 54per cent increase in fund utilisation over the past five months compared to the corresponding period last year, as stated by the railways ministry. This enhanced investment is intended to bolster safety-related initiatives and enhance the overall railway experience.

During the period from April 1 to August 31, the national railway network has also directed significant funding towards various infrastructure projects, including the development of new rail lines, track doubling, gauge conversion, and improvements to passenger amenities.

The Ministry of Railway emphasised the significance of this capital expenditure, stating that "safety of the passengers is paramount in Railways." They further highlighted that the capital expenditure utilisation has reached approximately 48 per cent, marking a new high in the first five months of this financial year.

In addition to its commitment to safety, Indian Railways has achieved notable revenue growth. Over the same five-month period, the railway has generated a revenue of Rs 1000 billion, encompassing earnings from freight services, passenger services, and other miscellaneous sources.

The railway network's achievements in freight loading are particularly noteworthy, with 634.66 tonne of goods transported between April 1, 2023, and August 31, 2023. This represents an increase from the 620.88 tonne recorded during the corresponding period of the previous year. Key segments like fertiliser, cement, containers, petroleum, oil, lubricants (POL), and coal have all shown significant growth in loading and revenue.

Furthermore, Indian Railways has witnessed a remarkable 26 per cent growth in automobile transportation by rail, accompanied by a 24.5 per cent increase in earnings from the automobile sector, reflecting the railway's commitment to diverse sectors of the economy.

Indian Railways has taken substantial steps to prioritise passenger safety, with a remarkable 54per cent increase in fund utilisation over the past five months compared to the corresponding period last year, as stated by the railways ministry. This enhanced investment is intended to bolster safety-related initiatives and enhance the overall railway experience.During the period from April 1 to August 31, the national railway network has also directed significant funding towards various infrastructure projects, including the development of new rail lines, track doubling, gauge conversion, and improvements to passenger amenities.The Ministry of Railway emphasised the significance of this capital expenditure, stating that safety of the passengers is paramount in Railways. They further highlighted that the capital expenditure utilisation has reached approximately 48 per cent, marking a new high in the first five months of this financial year.In addition to its commitment to safety, Indian Railways has achieved notable revenue growth. Over the same five-month period, the railway has generated a revenue of Rs 1000 billion, encompassing earnings from freight services, passenger services, and other miscellaneous sources.The railway network's achievements in freight loading are particularly noteworthy, with 634.66 tonne of goods transported between April 1, 2023, and August 31, 2023. This represents an increase from the 620.88 tonne recorded during the corresponding period of the previous year. Key segments like fertiliser, cement, containers, petroleum, oil, lubricants (POL), and coal have all shown significant growth in loading and revenue.Furthermore, Indian Railways has witnessed a remarkable 26 per cent growth in automobile transportation by rail, accompanied by a 24.5 per cent increase in earnings from the automobile sector, reflecting the railway's commitment to diverse sectors of the economy.

Related Stories

Gold Stories

Next Story
Real Estate

We engineer the way architecture gets built

DALBIR SINGH, Founder, HAACE, on the company’s bespoke approach to translating ambitious architecture into precisely engineered and executed structures.What does bespoke construction mean to HAACE, and how is it different from conventional contracting?For HAACE, bespoke construction means choosing the construction methodology around the design rather than forcing the design into a standard template. Every project is studied around its architectural intent, structural requirements and execution challenges. We deliberately take on a limited number of projects because this approach demands atte..

Next Story
Real Estate

Kamdhenu Realities acquires 4-acre Navi Mumbai land parcel

Kamdhenu Realities has acquired a 4-acre land parcel from RPG Life Sciences on Thane-Belapur Road for approximately Rs 1.5 billion, expanding its commercial real estate portfolio in Navi Mumbai.The parcel has a total developable potential of 1.8 million sq ft, on which Kamdhenu plans to develop a destination-scale commercial and lifestyle ecosystem. The proposed development will combine corporate office suites with high-street retail, F&B outlets, double-height lobbies, business infrastructure and lifestyle amenities.Located close to IKEA and opposite the upcoming Pawane Railway Station, t..

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code