Over Rs 50,000 crore spent on rail safety till August 31
Tuesday - October 24, 2017 6:20 pm ,
Category : BUSINESS
New Delhi Oct 24 (IANS) The government on Tuesday said it has spent over Rs 50 000 crore out of a total outlay of Rs 1.31 lakh crore on rail safety in this fiscal.
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 reporters after a Union Cabinet meeting.
The government 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.
--IANS
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