The Mumbai–Ahmedabad high-speed rail corridor is the first approved high-speed rail corridor in India connecting the cities of Mumbai and Ahmedabad. The project is estimated to cost Rs one lakh crores and spans a distance of 650 kms. Japan will provide $12 billion of soft loans to build India’s first bullet train, the two nations announced during a visit by Japanese Prime Minister Shinzo Abe.
The pre-feasibility study for the Ahmedabad–Mumbai–Pune corridor was completed by a consortium of RITES, Italferr and Systra. The top speed expected for the corridor was up to 350 kmph. This means that the two industrial hubs can be reached within two and a half hours. Japanese International Cooperation Agency (JICA) and the SNCF carried out studies on the project. It is estimated that by 2023, around 40,000 passengers are expected to avail this service everyday and accordingly it would be a financially viable service.
Japan has offered a l loan at an interest rate of 0.1 percent rate with repayment over 50 years and a moratorium for 15 years.
Arriving Bullet Train in India – word from PM
“This enterprise will launch a revolution in Indian railways and speed up India’s journey into the future. It will become an engine of economic transformation in India,” Modi said in a speech.