India's First Bullet Train to start by 2023; Sanjeev Sinha named adviser

12 September, 2017, 06:23 | Author: Lula Armstrong
  • Railway Minister Piyush Goyal says bullet train will revolutionise Indian Railways

"I am glad to state here that this is also a cost-effective project".

The NDA government is aiming to advance the date of rolling out the first bullet train from Ahmedabad to Mumbai by about a year to August 2022.

Goyal said the railway ministry and its Japanese counterpart have chose to advance the high-speed rail project, popularly known as the Bullet train, from 2023 to 2022.

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The 508-km Mumbai-Ahmedabad high-speed rail project that would be built on standard gauge will cost around Rs 1.1 trillion, out of which Japan is giving a soft loan of around Rs 88,000 crore at an interest rate of 0.1%, to be repaid in 50 years with a 15-year grace period.

Goyal further said that the new initiative will help boost the employment in the country.

Prime Ministers of India and Japan, Narendra Modi and Shinzo Abe, will flag off the project on September 14th in Ahmedabad.

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Stating that India kept running railways on technologies that were discarded by other developed countries years ago, Goyal said introduction of bullet trains will revolutionise the country's outdated railway system.

Goyal also maintained that apart from technological leapfrogging, the project, through its Make in India component, will equip India with the ability to manufacture bullet trains with the latest technologies and eventually enable the country to export bullet train-related products as well. The next morning, they would attend the groundbreaking ceremony of the high speed rail project at the Sabarmati railway station. "It shall also benefit the farmers for transportation of agricultural produce in a fast mode", Goyal said. The distance will be covered in 2 hours and 7 minutes if it stops at four stations namely Ahmedabad, Vadodara, Surat and Mumbai. The train speed is likely to be around 320 km per hour. According to railway ministry, the bullet train project will generate almost 15 lakh jobs in India. 81 per cent of the entire project cost will be in the form of a loan from Japan. He is a prominent Indian resident of Japan for 21 years.

"About 825 hectares of land would be acquired for the high speed rail", he said.

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"A total of 24 high-speed trains will be imported from Japan and then rest of the rakes will be manufactured in India", Mishra said.

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