Railway Budget 2024: Top 5 Indian Railways focus points
Railway Budget 2024: Indian Railways’ Budget for 2024-25 will be presented by FM Nirmala Sitharaman as part of the Union Budget 2024 speech on February 1, 2024. All eyes are on Railway Budget 2024 to shed light on the way ahead for the national transporter - from record capital expenditure outlay to new trains like Vande Bharat sleeper, Amrit Bharat Express, more Vande Bharat Express trains and focus on safety with the rollout of Kavach anti-collision train system. We take a look at the top expectations from Railway Budget 2024:
Railway Budget 2024: Record capex likely
Railway Budget 2024 expectations: FM Nirmala Sitharaman is likely to announce a record capital expenditure for Indian Railways in the Interim Budget 2024. Experts are of the view that Indian Railways may get a capex allocation of around Rs 3 lakh crore.
Railway Budget new trains
Railway Budget 2024 new trains: Railway Minister Ashwini Vaishnaw has mentioned that Indian Railways will introduce 3,000 new trains over the next 5 years. Indian Railways has been introducing Vande Bharat trains over its network for semi-high speed premium connectivity. Transformation of Indian Railways with new passenger amenities focused trains may find mention in the Interim Budget speech.
Vande Bharat sleeper and Amrit Bharat trains
Vande Bharat sleeper and Amrit Bharat trains: As Indian Railways looks to eliminate waitlisting on its network, Vande Bharat sleeper trains and Amrit Bharat Express trains will play a key role in long-distance overnight travel both for the aam aadmi and the premium train passengers. The two new trains may find mention in the Budget speech this year. Vande Bharat sleeper version is expected to be rolled out in the coming months.
Railway Budget focus on new lines
Railway Budget 2024: Focus on new railway lines has been a key area for Indian Railways and this year is expected to be no different. Given the capacity constraints on the existing Indian Railways network, new lines on highly dense routes will free up the network for faster movement of trains.
Railway Budget focus on safety
Railway Budget 2024 safety: To eliminate the risk of train accidents, Indian Railways is focusing on the roll out of the indigenous Kavach system. This anti train collision system is said to be at par with similar systems in Europe, but offers a more cost effective alternative.