The Mumbai-Ahmedabad corridor will be the country's first bullet train project. Here is all you need to know about the same.
- The work on the Mumbai-Ahmedabad corridor is slated to begin by late 2017 or early 2018 and will be completed within a timeframe of five years.
- The corridor will be 508 km long and the bullet train on this route will run at a speed of 300-350 kmph.
- The project after completion will reduce the travel time from Mumbai to Ahmedabad to only three hours.
- The stations that will be covered on the bullet train route are Thane, Virar, Surat, Bharuch and Vadodara.
- The project to be built at an investment of Rs 98,000 crore will be funded by Japan. Japan International Cooperation Agency will fund 81 per cent (about Rs 79,380) of the project on a soft loan for a period of 50 years and a moratorium of 15 years. The rate of interest on the loan will be 0.1 per cent.
- Less than 20 per cent of the components required for the project will sourced from Japan, and that too will be manufactured in India.
- Bandra-Kurla complex has been chosen for construction of the railway station for the bullet train in Mumbai. The station to be built three levels underground, thus will not interfere with the financial centre being planned there.
Courtesy: - Business Today