The 508-km Mumbai-Ahmedabad High Speed Rail Project would be made in an estimated cost of Rs 1,10,000 crore.
Asia's oldest 164- year old rail network, Indian Railways is all set to get a Japanese makeover as Shizo Abe' s government has agreed to invest nearly $17-billion. On Thursday, Japanese Prime Minister Shinzo Abe and Prime Minister Narendra Modi laid the foundation stone for India's first bullet train project between Ahmedabad and Mumbai which is expected to be completed by 2022.
The 508-km Mumbai-Ahmedabad High Speed Rail Project would be made in an estimated cost of Rs 1,10,000 crore with a loan of Rs 88,000 crore from Japan. The interest on this loan would be as low as 0.1%.
The loan would be given back within 50 years. The grace period of another 15 years has also been given by Japan.
The Japan's government agreement to invest in Indian Railways will also create business opportunities for companies like Hitachi Ltd. and East Japan Railway Co in India.
"Dear friend PM Modi is a far sighted leader. He made a decision of making New India and chose Japan as a partner, we completely support it. Japan is committed for 'Make In India'", Japan's PM Shinzo Abe said in an address after he laid the foundation of Bullet train in India.
India would be the second nation after Taiwan to adopt the iconic ‘Shinkansen’ bullet-train technology. " I wish next time when I visit Ahmedabad, I do that by travelling in Shinkansen", Abe said on Thursday.
Following are the salient features of India's first bullet train:
Distance :
The bullet train would cover a stretch of 508 km between Ahmedabad and Mumbai. The stretch would have 468 km of elevated track with 27 km inside a tunnel and the rest 13 km on the ground.
Besides, the train would also pass from the country's biggest tunnel of 21 km. It would also run 7 Km under the sea.
Number of stations:
At present 12 stations have been proposed, they are Mumbai, Thane, Virar, Boisar, Vapi, Bilimora, Surat, Bharuch, Vadodara, Anand, Ahmedabad and Sabarmati.
Speed and Time:
According to railway ministry officials, the operating speed of the bullet train will be 320 kilometers per hour and maximum speed will be 350 kilometers per hour.
By making its stop at all the above mentioned 12 stations, the train would take 2 hours and 58 minutes.
Number of rides:
The train will make 70 Ahmedabad- Mumbai rides.
Reportedly, a total of 24 high-speed trains will be imported from Japan and then rest of the rakes will be manufactured in India. Also, the officials stated that the reason behind giving this project to Japan is that the nations has been running the trains since many years without a single accident that ever happened on its bullet trains.
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