The Union Budget has allocated Rs 2,41,000 crore for the transportation sector. ´For transportation sector as a whole, including rail, roads, shipping, I have provided Rs 241,387 crore in 2017-18,´ Finance Minister Arun Jaitley said while presenting the Union Budget 2017-18 in the Lok Sabha.
According to the minister, the high magnitude of investment in transport infra sector will spur a ´huge amount´ of economic activity across the country and create more job opportunities. ´Railways, roads and rivers are the lifeline of our country. I feel privileged to present the first combined Budget of independent India that includes the Railways also,´ Jaitley said in his Budget presentation speech. ´We are now in a position to synergise the investments in railways, roads, waterways and civil aviation,´ the minister said. The capital and development expenditure of Railways for 2017-18 has been pegged at Rs 131,000 crore. This includes Rs 55,000 crore provided by the Central government.