PM Narendra Modi to lay foundation stone for Mumbai-Ahmedabad bullet train project in September
Indian prime minister Narendra Modi and Japan's prime minister Shinzo Abe will together lay the foundation stone for the Mumbai-Ahmedabad's bullet train project in September this year.
Highlights:1. PM Narendra Modi and Japan's PM Shinzo Abe will together lay the foundation stone for the bullet train project in September
2. Japan's PM Shinzo Abe will visit India in September
3. Mumbai-Ahmedabad bullet train will have speed of 320 km per hour
The construction of India's first bullet train project between Mumbai to Ahmedabad will begin from September this year, Business Today reported.
Prime minister Narendra Modi and Japan's prime minister Shinzo Abe will together lay the foundation stone for the project during the latter's visit to India in September, the report said quoting Railway Board member traffic Mohd Jamshed, as saying.
ALSO READ: Mumbai-Ahmedabad Bullet Train ride to cost Rs 3,300
Speaking at the summit in New Delhi, Jamshed said the construction work would continue for another five years and mentioned that the government was committed to complete the project by the end of 2022, the report said.
He further said that India's bullet train, at the speed of 320 km per hour, will match the speed of the leading highspeed train systems across the world.
A 508-km stretch of the project will be entirely elevated that will save railways' hassles of legal and environmental delays, owing to land acquisition, cited Jamshed.
Railway Minister Suresh Prabhu in a debate in the Lok Sabha in May last year, had said the government had managed to secure a soft loan of Rs 1 lakh crore from Japan at a mere 0.1% interest, according to earlier IANS report.
"The technology to be used for bullet trains will help improve the services of normal trains and the integration of signalling system," Prabhu had said.
ALSO READ: Bandra Kurla Complex to be Mumbai-Ahmedabad bullet train's first stop
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
Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations
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?
01:07 PM IST