Date Of Post: 08 Feb, 2018
Mumbai: For the Mumbai-Ahmedabad high-speed bullet train corridor, a provision of Rs 7,000 crore has been allocated in the Union budget 2018. Budget documents released by the railway ministry on Tuesday show that Rs 7,000 crore has been allocated for the bullet train project through “extra-budgetary resources”. The Railways is planning to complete the project by 2022.
About The Bullet Train Project:
The foundation stone for the Bullet Train project was laid on September 14, 2017, by Prime Minister Narendra Modi and Japanese PM Shinzo Abe, in Ahmedabad, Gujarat.
- The operating speed of the bullet train would be 320 kmph and the maximum speed would be 350 kmph.
- The bullet train is expected to cover the 504-km distance between the two cities in less than 3 hours.
- The 508km long Mumbai-Ahmedabad high speed rail project is estimated to cost Rs 1.08 lakh crore ($17 billion).
- Of the total Rs 1.08 lakh crore, Japan is giving a loan of Rs 88,000 crore at a minimal interest of 0.1% for 50 years and the repayment will begin only after 15 years.
Underground & Elevated-
- It will have a 21-km-tunnel between Boisar & Bandra Kurla Complex, of which 7 km will be underwater.
- The railways will require around 825 hectares of land for the project as 92% of the route will be elevated, 6% would go through tunnels and only the remaining 2% would be on the ground.
Image Credit: National High Speed Rail Corporation Limited