More than Rs 50,000 crore spent on rail safety till August 31: Govt

New Delhi, Oct 24: The central government on Tuesday said it has spent more than Rs 50,000 crore out of a total outlay of Rs 1.31 lakh crore on rail safety in this financial year.

The government has planned a capital expenditure outlay of Rs 131,000 crore for railway safety in 2017-18, of which it spent Rs 50,762 crore till August 31, Finance Secretary Ashok Lavasa told media after a Union Cabinet meeting.

The Centre in its Budget this year announced a special safety fund of Rs 1.31 lakh crore for Indian Railways.

Lavasa said the pace of laying new railway tracks had been hastened from 380 km in 2014-15 to 953 km in 2016-17.

Effective and targeted Government spending is the main priority of Government, he added.

Wefornews Bureau 

Related Posts