FM proposes 1.07 lakh crore CAPEX for railways

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Finance Minister Nirmala Sitharaman proposed an allocation of Rs 1,10,055 crore towards the railways sector in her Budget speech for FY2022. She noted further that of this, Rs 1.07 lakh crore is for capital expenditure for FY22. The eastern and western dedicated freight corridors will be commissioned by June 2022 and 100% electrification of broad-gauge routes will be completed by December 2023. The FM also announced plans for east coast corridor, east-west corridor, north-south corridors.

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