Year End Review 2022 A year of significant accomplishments

Railways has made significant investments in improving and expanding its network in recent years.

Introduction

This technique has aided railways in meeting rising transportation demands. Railways have demonstrated operational excellence while benefiting from high GDP growth. Railways’ capex increased from Rs 53,989 cr in FY14 to Rs 1,90,267 cr in FY22, with a provision of Rs 2,45,800 cr made for FY23. The current year’s expenditure trend has been positive, and the budgeted capex target is expected to be met.

Higher capital investments, frequent monitoring, and timely settlement of inter-ministerial issues will aid in linking the hinterland with the completion of important projects in J&K, Uttarakhand, and the North East States. The commissioning of Dedicated Freight Corridors (DFCs) and other key throughput augmentation projects will result in increased capacity. These initiatives, together with the acceleration of the Bullet Train project, will benefit the construction industry by creating jobs. Railway capital investments have a massive multiplier effect on the economy as a whole.

The downward trend in modal share has been reversed, and Railway has loaded an additional 184 MT in FY22 and 75 MT in FY23 till the end of November 2022. Railway receipts have entirely recovered from the negative impact of the pandemic experienced in the previous three years in the current fiscal, and until the end of November’2022, they have grown at a CAGR of 10.3% over the equivalent period of 2019-20. (i.e. pre-covid phase). In the post-covid context, the recovery is primarily supported by buoyancy in loading and a growing share of PRS passengers in total passengers.

Passenger Convenience