India’s ambitious bullet train project is likely to be flagged of during September this year when PM Moi and his Japanese counterpart PM Shinzo Abe is expected to take part in the bhoomi puja of Rs.97,636-crore Mumbai-Ahmedabad high-speed rail corridor project.
The train which would work on high-speed technology called Shinkansen will reduce the commuting time from the present 7 hours to 2 hours thereby saving a cool 5 hours.
Railway Minister Suresh Prabhu is targeting the commissioning of the project by 2023-24.
If Abe attends the pooja, it would be the first ever time that a foreign dignitary took part in an event which is otherwise a common scenario in India. The funding of the project would be coming from the Japanese Government which has agreed to provide a loan of up to 81 per cent of the project cost at 0.1 per cent per annum, to be repaid in 50 years with a 15-year moratorium. The remaining 19 percent will be funded by the Central Government – Railway Ministry and the Government of Maharashtra and Gujarat.
The originating station in Mumbai would be at the Bandra Kurla Complex. There would be 12 stations on the route. In addition to the Mumbai-Ahmedabad high-speed corridor, five more corridors are being explored which includes Delhi-Mumbai, Mumbai-Chennai, Delhi-Kolkata, Delhi-Nagpur and Mumbai-Nagpur corridors. Trains on these corridors will cross 300 kmph and would result in saving lot of time taken for travel to cover the distances.