Date of Post: 24 Nov, 2018
Mumbai: The MMRDA (Mumbai Metropolitan Region Development Authority) decided to integrate Bandra-Kurla station on the Mumbai-Ahmedabad Bullet Train corridor and the proposed International Financial Services Center (IFSC). The High Speed Rail Corporation of India Ltd. requires 4.5 Ha. plot of land beneath and 0.9 Ha. plot of land at grade where IFSC has been proposed.
- Bringing both these projects under one roof is a win-win situation as the Bullet Train will bring in high-speed connectivity to the Bandra-Kurla Complex – a hub that creates and provides job opportunities – and also help MMRDA use full Floor Space Index (FSI) of 4.
- A few who will be affected by this project will be resettled and rehabilitated in accordance with the set Rules and Regulations.
- India’s first high speed rail corridor between Mumbai to Ahmedabad is expected to be operational by 2022.
- The NHSRCL (National High Speed Rail Corporation Ltd), is implementing the Mumbai-Ahmedabad bullet train corridor with technical and financial assistance from Japan.
- The cost of the ambitious project is estimated to be Rs 1,10,000 crore and Japan is funding 80% of the Mumbai-Ahmedabad bullet train project through a soft loan of Rs 79,000 crore at an interest rate of 0.1%, with a tenure stretching over 50 years and a moratorium period of 15 years.
- Of the 508.17-km long corridor, 155.76 km will be in Maharashtra, 348.04 km in Gujarat and 4.3 km in Dadra and Nagar Haveli.
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