UP to receive biggest share of fund for railway modernisation
RAILWAYS & METRO RAIL

UP to receive biggest share of fund for railway modernisation

Out of the Rs 2,400 billion that was allotted to the Railways in the Union Budget for 2023–24, Uttar Pradesh received the lion's share, or Rs 175.7 billion. This time, the Centre has announced a budget for the Railways of Rs 2.4 lakh crore. For new programmes, this will cost Rs 750 billion.

The budget allocated this time was the greatest in history, according to Indian Railways. In 2013–14, Railways contributed Rs 281.74 billion of the total. Following this, Rs 1591 billion was received in 2022–23, and as of right now, Rs 2,400 billion has been received for this fiscal year (2023–24).

This is roughly a nine-fold rise from 2013–14 and a 51% increase from 2022–23, according to Railways. On the other side, the maximum budget obtained by the National Capital Region, or Delhi, has increased 26 times on a state-level. This means that although Delhi had a budget of Rs 960 million in 2013–14, Rs 24.77 billion has been allotted this year. The budget for the railways is 21 times higher in Punjab. Following this, Gujarat and Uttar Pradesh both received budget increases of 14 and 16 times, respectively.

According to Ashwini Vaishnaw, Union Minister for Railways, Uttar Pradesh will receive Rs 175.07 billion in the Rail Budget 2023–24, Madhya Pradesh Rs 136.07 billion, Rajasthan Rs 953.2 billion, Uttarakhand Rs 54 billion, Punjab Rs 476.2 billion, Delhi Rs 247.7 billion, Haryana Rs 224.7 billion, Himachal Pradesh Rs 183.8 billion, Rajasthan Rs 95.32 billion, Bihar Rs 850.5 billion.

The Railways will focus exclusively on infrastructure construction and the earliest possible restart of high-speed trains during the election year. The majority of this funding will go into green trains, such as hydrogen trains, green energy, tourism, high-speed trains, and significant corridors.

Also read:
Put airport corridor in the fast lane too; Bengaluru experts
Sarai Kale Khan RRTS to connect to various existing transport systems


Out of the Rs 2,400 billion that was allotted to the Railways in the Union Budget for 2023–24, Uttar Pradesh received the lion's share, or Rs 175.7 billion. This time, the Centre has announced a budget for the Railways of Rs 2.4 lakh crore. For new programmes, this will cost Rs 750 billion. The budget allocated this time was the greatest in history, according to Indian Railways. In 2013–14, Railways contributed Rs 281.74 billion of the total. Following this, Rs 1591 billion was received in 2022–23, and as of right now, Rs 2,400 billion has been received for this fiscal year (2023–24). This is roughly a nine-fold rise from 2013–14 and a 51% increase from 2022–23, according to Railways. On the other side, the maximum budget obtained by the National Capital Region, or Delhi, has increased 26 times on a state-level. This means that although Delhi had a budget of Rs 960 million in 2013–14, Rs 24.77 billion has been allotted this year. The budget for the railways is 21 times higher in Punjab. Following this, Gujarat and Uttar Pradesh both received budget increases of 14 and 16 times, respectively. According to Ashwini Vaishnaw, Union Minister for Railways, Uttar Pradesh will receive Rs 175.07 billion in the Rail Budget 2023–24, Madhya Pradesh Rs 136.07 billion, Rajasthan Rs 953.2 billion, Uttarakhand Rs 54 billion, Punjab Rs 476.2 billion, Delhi Rs 247.7 billion, Haryana Rs 224.7 billion, Himachal Pradesh Rs 183.8 billion, Rajasthan Rs 95.32 billion, Bihar Rs 850.5 billion. The Railways will focus exclusively on infrastructure construction and the earliest possible restart of high-speed trains during the election year. The majority of this funding will go into green trains, such as hydrogen trains, green energy, tourism, high-speed trains, and significant corridors. Also read: Put airport corridor in the fast lane too; Bengaluru experts Sarai Kale Khan RRTS to connect to various existing transport systems

Next Story
Building Material

Viva ACP Secures EPD Certification for Sustainable Cladding

Viva, Asia’s largest manufacturer of aluminium composite panels (ACP), has announced the successful release of its Environmental Product Declaration (EPD) under the International EPD® System. This milestone affirms Viva’s commitment to sustainability, transparent environmental reporting, and eco-conscious manufacturing. The certification covers Fire-Retardant (FR) Class A2, FR Class B1, and Non-FR ACPs, assessing the environmental performance of 1m² of Viva ACP (4mm thick) throughout its lifecycle—from raw material extraction to end-of-life recycling. The EPD reveals that up to 95..

Next Story
Real Estate

StarBigBloc Gets Shareholders’ Nod for IPO to Fund Expansion

StarBigBloc Building Material, a wholly owned subsidiary of BigBloc Construction Ltd (BSE: 540061), has received shareholder approval to raise funds through an Initial Public Offering (IPO). The move is aimed at unlocking shareholder value, securing growth capital, and potentially enhancing the overall valuation of BigBloc Construction. The IPO proposal was approved during the company’s Extraordinary General Meeting (EGM) held on 13th June 2025. The process remains subject to regulatory approvals, market conditions, and other applicable clearances. “This is a significant mileston..

Next Story
Resources

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India’s first Rent Credit Score™ platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe’s payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?