Mumbai-Ahmedabad Bullet Train ride to cost Rs 3,300
The Mumbai and Ahmedabad bullet train will be 1.5 times more than the first class AC fare prevailing now
The Ministry of Railways has proposed a tariff for the upcoming bullet train service between Mumbai and Ahmedabad that will be 1.5 times more than the first class AC fare prevailing now, parliament was informed on Wednesday.
In Duronto Express, for example, the current AC 1st Class fare between Mumbai and Ahmedabad, is Rs 2,200. This means, for the 508-km run between the two cities -- via a dedicated, high-speed corridor -- the fare will be around Rs 3,300.
In Japan, a similar, 550-km run between Tokyo and Osaka on the Shinkansen, as the bullet train network there is called -- and on which the Indian service is being modelled -- costs around Rs 8,500.
In a written reply in the Lok Sabha, Minister of State for Railways Manoj Sinha said the first phase of the Indian network will have a maximum design speed of 350 km per hour and an operating speed of 320 km per hour.
The ministry expects around 36,000 daily users per day both ways by 2023, going up to 186,000 by 2053. "The total journey time of the fast train will be 2.07 hours and of trains stopping at each station will be 2.58 hrs," Sinha said.
The ministry has planned a total of 12 stations for the train -- Mumbai, Thane, Virar, Boisar, Vapi, Bilimora, Surat, Bharuch, Vadodara, Anand, Ahmedabad and Sabarmati. "The total completion cost will be approximately Rs 97,636 crore," the minister said.
"Further, it has been decided to undertake a feasibility study between Delhi-Nagpur as part of the New Delhi-Chennai corridor through government-to-government cooperation with China," he said in his answer to the question posed by G. Hari of the All India Anna Dravida Munnetra Kazhagam.
In a debate in the Lok Sabha last week, Railway Minister Suresh Prabhu had brushed aside criticism of bullet trains being an expensive proposition for the country, saying the government had managed to secure a soft loan of Rs 1 lakh crore from Japan at a mere 0.1% interest.
"The technology to be used for bullet trains will help improve the services of normal trains and the integration of signalling system," said Prabhu, wondering if a "deliberate misinformation" campaign was going on against the introduction of such trains.
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
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
03:19 PM IST