Work on India’s first $15B bullet train starts in 2 years
Railway Minister proposed a bullet train on the Ahmedabad-Mumbai sector while presenting the new government’s first railway budget in Parliament.
Hope Pakistan too gets its first bullet train some time real soon.
The Mumbai-Ahmedabad corridor will be India’s first bullet train project. Here is all you need to know about it. via Business Today
- The work on the Mumbai-Ahmedabad corridor is slated to begin by late 2017 or early 2018 and will be completed within six years.
- The corridor will be 508 km long and the bullet train on this route will run at a speed of 320-350 kmph.
- The project after completion will reduce the travel time from Mumbai to Ahmedabad to only two hours.
- At present, Duronto Express takes about seven hours to cover the distance between the two financial centres.
- According to Railway Minister, its fare will be less than airfare.
- The five stations that will be covered on the bullet train route are Thane, Virar, Surat, Bharuch and Vadodara.
- The project is to be built at an investment of Indian Rs 980 billion/ US$14.32 billion/ PKR 1.5 trillion will be funded by Japan. Japan International Cooperation Agency (JICA) will fund 81 per cent (about Indian Rs 793 billion) of the project on a soft loan for a period of 50 years and a moratorium of 15 years. The rate of interest on the loan will be 0.1 per cent.
- Less than 20 per cent of the components required for the project will sourced from Japan, and that too will be manufactured in India.
- Bandra-Kurla complex has been chosen for construction of the railway station for the bullet train in Mumbai. The station to be built three levels underground, thus will not interfere with the financial centre being planned there.
Railway Minister said feasibility studies for other high speed corridors have been awarded to various railway companies.
Delhi-Mumbai high speed corridor has been awarded to the consortium of the Third Railway Survey and Design Institute Group Corporation (Chinese consultant) and Lahmeyer International from India.
Feasibility study of high speed corridors on Mumbai- Chennai, Delhi-Kolkata, Delhi-Nagpur and Mumbai-Nagpur have also been awarded to different global consultants.
Prabhu said railways have identified nine corridors for feasibility of semi-high speed rail.
The semi-high speed routes are Delhi-Chandigarh, Chennai-Bengaluru-Mysore, Delhi-Kanpur, Nagpur-Bilaspur, Mumbai-Goa, Mumbai-Ahmedabad, Chennai-Hyderabad and Nagpur-Secunderabd. via Hindustan Times
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