Budget 2022: Indian Railways capex at all-time high of Rs 2.45 trillion

The capex for 2022-23 includes Rs 1.37 trillion from general revenues, Rs 1.08 trillion from Internal and Extra Budgetary Resources and Rs 200 crore from Nirbhaya fund

With the government giving an extra thrust on PM GatiShakti, the Indian Railways is set to see its highest-ever capital expenditure (capex) of Rs 2.45 trillion for 2022-23, up 14 per cent from the Revised Estimate (RE) of Rs 2.15 trillion for the current financial year in the Union Budget for 2022-23 presented by Union Finance Minister Nirmala Sitharaman on Tuesday.

This will result in the operating ratio, a key metric to assess the Railways’ financial health, coming under pressure.

“We are targeting 96.98 per cent operating ratio (OR) in the coming year. We believe we will improve this. We