<h1>Public capex rises to Rs12.2 lakh crore with guarantees, waterways, freight corridors, high speed rail and seaplane incentives.</h1> Public capital expenditure is proposed at Rs.12.2 lakh crore for FY2026-27, with measures to accelerate CPSE real estate monetisation via dedicated REITs. An Infrastructure Risk Guarantee Fund will provide partial credit guarantees to lenders to boost private developer confidence. The Budget proposes Dedicated Freight Corridors, 20 new National Waterways, a Coastal Cargo Promotion Scheme, seven High Speed Rail corridors, a Seaplane VGF Scheme to incentivise indigenous manufacturing and operations, a Rs.20,000 crore outlay for CCUS over five years, and Rs.5,000 crore per City Economic Region over five years.