Bullet train relief: Compensation to be much more than what Act mentions, says official
A joint measurement survey is being conducted at present, which is the last stage of land acquisition process, said Achal Khare, managing director of National High Speed Rail Corporation Limited (NHSRCL), the implementing agency. After the survey is over, farmers will learn about the compensation package
The compensation package for the farmers whose land will be acquired for the Ahmedabad-Mumbai Bullet train project will be "much more" than what is mandated by the Land Acquisition Act, a senior official said here today. A joint measurement survey is being conducted at present, which is the last stage of land acquisition process, said Achal Khare, managing director of National High Speed Rail Corporation Limited (NHSRCL), the implementing agency. After the survey is over, farmers will learn about the compensation package, he said.
"I can assure that we will be compensating much more than what they are expecting," Khare said. He was here to speak on the project as part of the 2nd A N Khosla lecture series, organised by the Ahmedabad chapter of the IIT Roorkee Alumni Association at the IIT Gandhinagar. "We have decided the entitlement package philosophically, which is more than what is provided in the Land Acquisition Act. For example, we will be giving them 25 per cent extra as part of terms of consent. There is a lot of compensation for rehabilitation and resettlement," he said.
"To allay their apprehensions, we will be providing each land loser an entitlement card, which will have his bank account number and all the items against which he is going to get compensation. And this will be monitored by the company till the time he gets his last compensation," Khare said. For the project, around 1,400 hectares of land will be acquired in Gujarat and Maharashtra, 1,120 hectares of which is privately owned. Around 6,000 land owners will have to be compensated.
Farmers' organisations and tribal groups have demanded that the provisions of the Land Acquisition Act, 2013 such as a mandatory social impact assessment and impact study on food production losses -- which have been done away in the Gujarat amendment to the Act -- should be followed in the acquisition of land for the Bullet train project.
The tracks should be laid on the land belonging to the Railways or the land already acquired for the Dedicated Freight Corridor Project, they have demanded, threatening agitations in the two states if the demands are not met. Opposition Congress has backed their demands. Khare said that planning and design phase of the project is being completed, and the construction will begin soon.
The Bullet train will run at a speed of 320-350 kmph, and have 12 stations across its 500 km stretch. The train will have 10 coaches to start with in 2023, and will make 70 trips a day, 35 on each side. Each train will have 750 seats and will carry 17,900 passengers each way per day, he said. The project will also see the first undersea tunnel in the country -- 7-km out of the 21 km long tunnel designed for the train -- near the Thane creek, Khare said.
Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe launched the ambitious project last year. Japan has extended a soft loan for the project, a joint venture between Indian Railways and Japan's Shinkansen Technology.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SCSS vs FD: Which guaranteed return scheme will give you more quarterly income on Rs 20,00,000 investment?
SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
05:00 PM IST