The target completion date is December 2023, though an earlier deadline of 2022 may be sought by the Indian government which is in fact aiming to launch services on August 15, 2022 for India’s celebrations for 75 years of independence.
Indian Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe will lay the foundation stone for India’s first high-speed train between Ahmedabad-Mumbai during the latter’s visit to India starting Wednesday.
The ceremony will be held at a stadium near Ahmedabad’s Sabarmati railway station. With the Indian Railways adopting most modern technologies, the bullet train was an endeavor to bring economic growth and prosperity in the country.
Goyal said India is saddled with railway technology that became obsolete in developed countries years ago. The funding for this project comes as the part of a low-interest loan extended to India by Japan. Out of this, Japan is giving a loan of Rs88,000 crore. The loan was offered at an interest rate of 0.1 percent with repayment over 50 years and a moratorium for 15 years. Railway is expecting a ridership of 40,000 people every day on 508 km long section by 2023, which is set to increase to 1.6 lakh every day by 2050.
Japan is expected to sign as many as 10 memorandums of understandings with India relating to cooperation in different sectors. With this technology, industry will get a big boost. When it was conceived, Delhi’s Metro was very expensive, especially in relation to the bus network, but it has changed the face of Delhi – and if it is one of the few in the world that is profitable, this is because the Metro was given lots of free land to monetize by way of buildings/advertisements; the same will have to be done for all bullet trains. “Shinkansen technology will transform India’s transportation in the future”. The distance will be covered in 2 hours and 7 minutes if it stops at four stations namely Ahmedabad, Vadodara, Surat and Mumbai.
According to railway ministry, the bullet train project will generate almost 15 lakh jobs in India. India’s Ahmedabad-Mumbai bullet train is a Rs 1 lakh crore project which involves construction of a 505-km line using Japan’s Shinkansen technology.
According to sources, meeting between officials of railway and Mumbai Metropolitan Region Development Authority (MMRDA) has been inconclusive so far and a midway is still being worked out. This will save railways the hassles and inordinate delays arising due to land acquisition.
Railway ministry officials said the training institute at Vadodara will be functional by the end of 2020.The facilities at this institute will be utilized to train about 4,000 staff in next three years, who will then be utilised for operation and maintenance of the bullet train. The high-speed train will halt at all ten stations on the proposed high-speed corridor between Mumbai and Ahmedabad, while the rapid high-speed train will halt only at major stations.
National High Speed Rail Corporation Limited has been founded by the Indian Ministry of Railways to implement the MAHSR.