Bullet Train Amid Ahmedabad and Mumbai Nearing Reality. Mumbai-Ahmedabad first bullet train work comes closer to reality. Officials informed that the first tranche of $1 billion from a total loan of about $14 billion to be released during the visit of Japanese Prime Minister Shinzo Abe to the country on September 12-14.
Bullet Train Amid Ahmedabad and Mumbai Nearing Reality. The $17-billion high-speed railway line of 508 km, which will be built on Japan’s Shinkansen technology, is expected to be operational by 2022-23, India’s 75th year of independence.
Of the project cost of Rs 1,10,000 crore, Rs 88,000 crore will come from Japan as a 50-year soft loan at a benign interest rate of 0.1%. The amount to be repaid is just Rs 90,500 crore.
Official added that while the bullet train will be built with the Japanese technology, some of the accessories will be manufactured under the ‘Make in India’ programme, a plan which is expected to create jobs and bring up ancillary companies. The Confederation of Indian Industry and the department of industrial policy and promotion have held one workshop relating to tracks through video conferencing with industry representatives from both countries recently.
There will be a total of 12 stations on the route. Also, there will be two categories of train — one which will stop at all 12 stations and complete the journey in two hours and 58 minutes, and another which will stop at four stations and complete the journey in two hours and 7 minutes. While the expected speed at which the trains will operate is 320 km per hour, these can run at a top speed of 350 km per hour.