13 September, 2017
The groundbreaking ceremony for the bullet train project, would be performed in Ahmedabad on September 14 by Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe. Speaking about the various benefits of the expansion of railways, he said the coming of bullet trains to India will not only boost employment but in future India will be able to export it too. "I am glad to state here that this is also a cost-effective project".
Outlining the road-map for the Bullet train, Goyal said that once India adopts the train technology, it could start production of low-priced high-speed trains and become an exporter.
"Indian is lagging when it comes to using modern technology and globally discarded technology was used for planning progress of Indian Railways in the past", said Goyal.
New Railway Minister Piyush Goyal dismissed talk of the inauspicious period during the curtainraiser he gave at a hurriedly-called media briefing.
"With an interest rate of negligible 0.1 percent over an exceptionally long 50 years term and a no-repayment moratorium for first 15 years, the funding from Japan for the High Speed Rail, called Shinkansen in Japan, is nearly like a grant based on standard financial valuation calculations", Sinha had earlier said.
On the other hand Maharashtra doesn't want to spare the prime land at Bandra and has offered railways land at two other sites, which according to railways will increase the cost of the project. That is, 508 will have 468 kilometers of track elevated, 27 kilometers of the route within tunnel and the remaining 13 kilometers on the ground.
A powerpoint presentation at Goyal's briefing showed that in 15 countries hat have passenger railway systems these high-speed trains are operational. The project is expected to get ready by May 2023.
The ambitious Mumbai-Ahmedabad High Speed Rail Project will cost around Rs 1 crore.
The distance of 508 km will be covered in two hours and seven minutes by the bullet train if it stops at four stations namely Ahmedabad, Vadodara, Surat and Mumbai. Its maximum operating speed will be 320 km per hour.
"A total of 24 high-speed trains will be imported from Japan and then rest of the rakes will be manufactured in India", Mishra said.