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Budget 2023: Railways share fires hopes of big Mumbai upgrade

Suburban railway officials assure no fund shortage thanks to the Rs 2.4-lakh crore national outlay that could be a gamechanger for Mumbai, details of allocations to projects are to be announced on Friday in Parliament

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Illustration/Uday Mohite

Illustration/Uday Mohite

The Indian Railways has received the biggest-ever allocation at Rs 2,40,000 crore in the 2023-24 Budget. With the huge outlay, Mumbai is likely to get a big boost for several ongoing projects. Railway officials have assured that there will be no shortage of funds for any of the Mumbai projects with such a huge allocation.

Sources said that the Mumbai Rail Vikas Corporation (MRVC), working on several rail infra projects, has this year demanded an allocation of Rs 2,650 crore, of which Rs 1,325 crore will come from the Centre’s budget and Rs 1,325 crore from the state.

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