Mumbai, September 14: The expected cost of India’s high-speed bullet train is believed to be Rs 1,10,000 crore of which, Japan will fund 81 per cent i.e. nearly Rs 88,000 crores in soft loans. In what is considered to be a major leap in infrastructure development in India, Prime Minister Narendra Modi and Japanese Prime Minister Shinzo Abe laid the foundation stone of India’s first bullet train in Gujarat’s industrial city of Ahmedabad. India’s first bullet train is set to begin on 15 August 2022- when India completes 75 years of independence. The project truly signifies the friendship and collaboration between the two countries- India and Japan. The foundation stone-laying ceremony of the high-speed train project will be held at Sabarmati railway station on September 14 in presence of the two leaders.
The much talked about Bullet Train project will soon be a reality as the high-speed rail project will drag the world’s fourth-largest railways into the 21st century. The fares of high-speed trains will be competitive when compared to airlines, Piyush Goyal had said. The project promises to reduce travel time between the Mumbai and Ahmedabad to less than three hours from the current seven hours. As per reports, the bullet train project will create job opportunities for about 20,000 people and about 16,000 indirect employment opportunities are expected to be generated in the coming years.
The Mumbai-Ahmedabad Bullet Train Cost:
- The high-speed bullet train project between Ahmedabad and Mumbai will entail an estimated cost of Rs 1,10,000 crore.
- Japan will fund 81 per cent of the entire project, nearly Rs. 88,000 crores, in soft loans at an interest rate of 0.1%. The loan taken from Japan will have to be repaid over 50 years with 15 years grace
- The Indian Railways and Japanese firm Shinkansen Technology will be involved in the making of India’s first bullet train.
- The amazing fact about Shinkansen trains is that they have never been involved in any accident since 1964. They have an inbuilt safety system even for an eventuality like an earthquake.
- The ticket price could be higher than those of regular AC trains. As per reports, the price tickets is expected to range between Rs 3,000-5,000.
- The train will cover a distance of 508-kms, of which 92 per cent of the route will be elevated, six per cent through a tunnel and the rest on the ground. The high-speed train will pass through the country’s longest tunnel of 21 km, of which seven km will be under the sea.
- The Bullet train would run 351 km through Gujarat and 156 km through Maharashtra.
- The Bullet Train has to capacity to carry 750 passengers and can make 70 Ahmedabad-Mumbai trips in a day.
- The Bullet Train is expected to run at an average speed of 250 km per hour. Its top speed is believed to be around 320 km per hour. The travel time will be reduced from eight hours to a little over three hours if it stops at all the 12 stations and around two hours if it stops at only four.
Reports say that Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe will hold the 12th Indo-Japan annual Summit meeting at Gandhinagar after which agreements will be exchanged. Later, an India-Japan business plenary meeting will be held. With the Indian Railways adopting most modern technologies, the bullet train was an endeavour to bring economic growth and prosperity in the country, he said.