Japan Committed to Make Bullet Train Project in India a Reality Soon, says Japanese PM Shinzo Abe

Japan Committed to Make Bullet Train Project in India a Reality Soon, says Japanese PM Shinzo Abe

Want create site? With Free visual composer you can do it easy.

Date of Post: 10 Nov, 2018

Japan is committed to making the ambitious bullet train project in India a reality as soon as possible, Prime Minister Shinzo Abe said on Friday as he lauded his Indian counterpart Narendra Modi’s “deep desire” and efforts to bring high speed railway network to India.

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.

More Information:

  • In a video message to a high speed rail association conference, PM Abe said,”In September last year, I took part in a groundbreaking ceremony for a new high speed rail service in India. I was struck by Prime Minister Narendra Modi’s deep desire to provide inspiration to the people of India and by the Indian people’s high hopes for high speed rail services.”
  • He said,”The Shinkansen has played an important role in supporting the development of our nation’s economy and the quality of life of our people, and in the near future, we look forward to the Shinkansen crossing the seas and also beginning to speed across the Indian continent.”
  • He said,”Our government and the related companies are dedicated to making the Indian Shinkansen a reality as soon as possible.”
  • PM Modi who visited Japan last month reviewed the progress made in the project and the two leaders also signed the Exchange of Notes for yen loan, on the High Speed Rail project.
  • The bullet train between Ahmedabad and Mumbai will run a total length of 508 kilometres, of which 21 kilometres will be covered in the tunnel under sea.
  • The day when Japanese Shinkansen bullet trains start running between Mumbai and Ahmedabad through cooperation will mark a shining symbol of Japan-India friendship in the future, PM Abe said on October 28, on the day of the two leaders’ summit meeting.
  • PM Modi visited Japan to attend the 13th India-Japan annual summit.

To know more about recent developments of Railways-

06 Nov, 2018 : Northern Railway Receives Its 1st Aerodynamically Designed Passenger Electric Locomotive Capable Of Running At 200 kmph

06 Nov, 2018 : Alstom-Siemens Deal approved by Competition Commission of India (CCI)

06 Nov, 2018 : 800 km of Dedicated Freight Corridor All Set To Open By December End


Author:

Deepak Kumar is a part of the content team of Rail Analysis India as a writer and analyst .
His focus is on new initiatives on the Railway Sector of India .
Please reach us at editor@railanalysis.com for more information .


 

Did you find apk for android? You can find new Free Android Games and apps.

Leave a Reply

Be the First to Comment!

Notify of
avatar