Japanese funds, technology to back India's Rs 60,000 crore bullet-train dream
PM Narendra Modi's dream project got a big push after Japan expressed readiness to provide financial, technical and operational support.
By Mahendra Singh, TNN |
NEW DELHI: With Japan committing to fund bullet trains, the dream of running high-speed trains on Indian tracks is now a step closer.
PM Narendra Modi's dream project got a big push after Japan expressed readiness to provide financial, technical and operational support to introduce bullet trains in India in a joint statement.
The first high-speed train is expected to run between Ahmedabad and Mumbai at an estimated cost of around Rs 60,000-70,000 crores.
As Japan is a pioneer in running superfast trains, the agreement is expected to help Modi achieve his dream of a bullet train for India running at a maximum of 300 km per hour.
"Lauding PM Modi's vision for development of world class infrastructure in India, including high-speed railway system, PM Abe expressed his hope that India could introduce Shinkansen system for the Ahmedabad-Mumbai route," said the statement.
Railways officials associated with the ambitious project were enthused at the developments. "This is a very positive statement. Japan agreed to provide financial, technical and operation support," said a senior official.
An official said the joint statement paves the way for sorting out funding and technology issues related to the construction of the high-speed Ahmedabad-Mumbai corridor. The railways is insisting on a technology transfer to provide for indigenous manufacture of rolling stock (coaches, wagons, etc) and high-speed technology.
PM Narendra Modi's dream project got a big push after Japan expressed readiness to provide financial, technical and operational support to introduce bullet trains in India in a joint statement.
The first high-speed train is expected to run between Ahmedabad and Mumbai at an estimated cost of around Rs 60,000-70,000 crores.
As Japan is a pioneer in running superfast trains, the agreement is expected to help Modi achieve his dream of a bullet train for India running at a maximum of 300 km per hour.
"Lauding PM Modi's vision for development of world class infrastructure in India, including high-speed railway system, PM Abe expressed his hope that India could introduce Shinkansen system for the Ahmedabad-Mumbai route," said the statement.
Railways officials associated with the ambitious project were enthused at the developments. "This is a very positive statement. Japan agreed to provide financial, technical and operation support," said a senior official.
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An official said the joint statement paves the way for sorting out funding and technology issues related to the construction of the high-speed Ahmedabad-Mumbai corridor. The railways is insisting on a technology transfer to provide for indigenous manufacture of rolling stock (coaches, wagons, etc) and high-speed technology.
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