Highest-ever capital outlay of Rs 2.40 lakh crore for railways in budget

New Delhi: The capital outlay for the railways has been increased to the highest-ever Rs 2.40 lakh crore in the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman said on Wednesday.

Presenting the budget in Lok Sabha, Sitharaman said the outlay for the railways is nine times the amount provided in



2013-2014.

She said 100 critical transport infrastructure projects for last- and first-mile connectivity for coal, fertiliser and food grain sectors have been identified and will be taken up on a priority basis with investment of Rs 75,000 crore, including Rs 15,000 crore from private sources, she said.