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Construction : Transport Update | May 2016 | Source : CW-India

Railways records high capital expenditure

The Railways have finished the financial year 2015-16 with a record high capex of Rs 94,000 crore, an increase of Rs 37,000 crore over the previous year. It has set a target of Rs 1.5 lakh crore capital expenditure for the current fiscal. The Centre had earlier announced a GBS of Rs 40,000 crore for the railways in 2016-17, same as the year before.
However, in November last, the finance ministry had slashed Rs 8,000 crore from the Rs 40,000 crore GBS, citing low spending by the railways in the first six months of the fiscal.

 
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