On Track: MoRTH, Railways Use Up More Than 75% Capex Target Till Third Quarter of 2023-24 Fiscal - News18
[ad_1]
Official data shows that the ministry of road transport and highways is ahead with about 84 percent of the capex used. (Image: CNBCTV18.com) Collectively, the two big infrastructure ministries were allocated Rs 5.2 lakh crore and have spent Rs 4.1 lakh crore, which is around 80% till the end of December Two of the biggest infrastructure ministries – road transport and highways as well as railways – have used more than 75 percent of the capital expenditure in the first nine months of the current fiscal. The road transport ministry is ahead with about 84 percent of the capex used, shows official data. According to data from the ministry, the railways, which got Rs 2.62 lakh crore for the ongoing financial year, has spent Rs 1.95 lakh crore – about 75 percent till the end of the third quarter. Against an estimated expenditure of Rs 2.58 lakh crore for 2023-24, the ministry of road transport and highways (MoRTH) has spent Rs 2.15 lakh crore (84 percent) till December 2023. Coll