New Delhi: Road and railway ministries achieved the largest capital ever expense of Rs 5.2 lakh crore during 2023-24 despite limitation due to Model Code of Conduct (MCC) for Lok Sabha election. The road and railway sectors had 50% of the Rs 10 lakh crore investments allocation for 2023-24.
The ministry of road transport and highways spent Rs 2.6 lakh crore, which is 99.9% of the revised estimate and 29% more than the previous financial year. Of the four highway construction agencies, NHAI spent around Rs 2.1 lakh crore last year.
Increased spending in the road sector has also resulted in construction of 12,336 km or almost 34 km per day — the second highest NH construction rate in the country's history. The highest figure so far was 13,327 km in 2020-21, when daily construction reached 36.5 km.
In case of railways, overall capital expenditure was approximately 2.6 lakh crore, an increase of 26.5% over 2022-23. The increase in expenses resulted in the acceleration of railway electrification and the construction of new lines and tracks. The electrification of railway lines reached 7,188 km. It also reached 5,300 km of new lines, duplication and gauge conversion.

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