With constant infrastructure push from the government, even this year, all eyes are set on the Union Budget 2023-24, especially to see what it has in this context. As per latest reports, the Budget 2023 may be quite promising for the railways.
According to a TOI report, in the upcoming Budget 2023, the government may announce some new trains like 35 new hydrogen-fuelled trains and around 500 new Vande Bharat trains. In addition to this, the government is also reportedly expected to roll out nearly 4,000 newly designed automobile carrier coaches and some 58,000 wagons in about next three years.
The report goes on to add that in the upcoming Union Budget 2023-24, the railways is likely to get an allocation of nearly Rs 1.9 lakh crore. This is because the government has put some focus on modernising its rolling stock, electrification of tracks and so on.
The government has also started Vande Bharat trains for various important routes. Apart from being modern and advanced, these trains are known for their speed and reducing the journey time significantly. Additionally, the railways minister Ashwini Vaishnaw also mentioned that the railways would run hydrogen-fuelled trains on some routes.
As far as the rolling stock goes, the government may reportedly spread the programme over three years and attribute it around Rs 2.7 lakh crore. However, besides the new age rolling stock, in this programme, the government may also plan to manufacture 100 Vistadome coaches and refurbishment of 1,000 coaches of premier trains.
The Union Budget 2023-24 will be presented on February 1, 2023 by the Union Finance Minister Nirmala Sitharaman. The session will kick off with the Parliamentary session on January 31, 2023.
