India's First Bullet Train to start by 2023; Sanjeev Sinha named adviser

Share
India's First Bullet Train to start by 2023; Sanjeev Sinha named adviser

Japan Railways has appointed Sanjeev Sinha as Advisor for project of Ahmadabad-Mumbai High Speed Rail.

Twelve stations have been proposed for the line: Mumbai Bandra Kurla Complex, Thane, Virar, Boisar, Vapi, Bilimora, Surat, Bharuch, Vadodara, Anand, Ahmedabad and Sabarmati. Over two-third of the project will be in Gujarat and rest in Maharashtra.

The Mumbai-Ahmedabad bullet train project is being financed through a "soft loan" from Japan International Cooperation Agency with around 80 per cent of the Rs 1.08 lakh crore total cost.

"Repayment of loan is to begin after 15 years of receiving the loan, making it practically free since, this loan interest works out to roughly Rs 7-8 crore per month", said a railway statement. This loan is to be repaid to Japan in 50 years.

According to railway ministry officials, the operating speed of the bullet train will be 320 kilometers per hour and maximum speed will be 350 kilometers per hour. If the bullet train will stop at all 12 stations, then it will cover the distance in two hours and fifty-eight minutes. The funding for this project comes as the part of a low-interest loan extended to India by Japan. The high-speed train will considerably reduce travel time between Ahmedabad and Mumbai which are major commercials hubs.

From the total 508-km stretch, 92 percent of the route will be elevated, 6 percent will pass through tunnels, including tunnels under the sea, and the remaining 2 percent will be ground-based.

Already ground surveying using LiDAR technology and geotechnical investigations have been completed, as well as specifications for track, tunnels, bridges, signalling and telecoms. Expected to cost almost ₹1.10 lakh crore, the first Bullet Train is expected to be ply on Indian soil by 2022.

As the government mulls moving the deadline forward for completion of the project from March 2023 to August 15, 2022 when the country celebrates its 75th year of independence, Goyal said, keeping in mind the speed with which the government has implemented all projects he is confident that this project too will be completed before deadline. "The bullet train will bring in the latest global railway technology in India and place India on a par with developed countries", he said.

Goyal added that Shinkansen technology can be exported from India and the cost of technology can rapidly decrease, as it happened in LED bulbs.

Authorities estimate that the project will create 20,000 jobs during construction and later sustain 4,000 direct and 20,000 indirect jobs once it is operational. Four sub-groups with representatives from Indian industry, Japanese industry, DIPP, and the National High Speed Rail Corporation have been formed and are looking at systems and sub-systems to push "Make in India". The high-speed train is created to have ten cars with 750 people capacity and is slated to carry around 36000 passengers every day in a total of 70 rides both sides.

Share

Advertisement

Related Posts

Comtech Telecommunications Corp (NASDAQ:CMTL) Experiences Heavier than Average Trading Volume
Equities analysts anticipate that Comtech Telecommunications Corp. will post $0.65 earnings per share for the current fiscal year. Noble Financial restated a "buy" rating on shares of Comtech Telecommunications Corp.in a report on Friday, June 9th.

Kinross Gold Corporation (NYSE:KGC) Traded Above Its 50 Day Moving Average
Kinross Gold Corporation (NYSE: KGC ) (TSE:K) previously disclosed its fiscal periodic earnings information on early Wed, Aug 2nd. Kinross Gold Corporation ( USA ) (NYSE: KGC ) has declined 13.79% since September 11, 2016 and is downtrending.

Champions League is back! Teams to be wary of this season
Mauricio Pochettino has never been a lucky man with Spurs in the Champions League and will be relishing the clashes at Wembley. Bale left Tottenham for Madrid in 2013 and the Wales global has won three Champions League crowns during his time in Spain.

New Key Art And a Motion Poster — Netflix`s THE PUNISHER
Netflix has dropped some new key art for their Marvel series, The Punisher . Check out the images from the show and see what you can piece together.

Direxion Daily MSCI India Bull 3X Shares (INDL) Sees Nice Weekly Performance
The Average Directional Index or ADX is a technical analysis indicator used to describe if a market is trending or not trending. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend.

Canadian Poet Laureate Pierre DesRuisseaux Accused of Ripping Off 2Pac
Figueroa posted her findings to Facebook, and British poet Ira Lightman began investigating other pieces of DesRuisseaux's work. The late Pierre DesRuisseaux has come under fire for allegedly plagiarizing work during his stint as Canada's poet laureate.

BCA completes Damond shooting investigation, charging decision next
The Bureau of Criminal Apprehension's investigation into the Minneapolis police shooting of Justine Damond is over. Damond was shot and killed July 15th by Officer Mohamed Noor as she approached the squad auto he was riding in.

Idera Pharmaceuticals, Inc. (IDRA) And Insider Trading Activity
Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 0.66, and a price to sales ratio of 10.9. The most recent open market insider trade was Automatic Sell of 450,815 shares on a day where the closing price was 2.26.

Atletico Madrid: Diego Costa Wrap Up Deal
They order their former player to resolve the matter and it's this intervention which forced his return to Stamford Bridge. The transfer window opens until then and Diego Siemeone's side are now banned from signing any players until then.

FireEye, Inc. (NASDAQ:FEYE) Traded Well Above Its 50 Day Average
The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks, or any time period the trader chooses. The company had revenue of $185.50 million for the quarter, compared to analysts' expectations of $176.39 million.

© 2015 ExpressNewsline. All Rights reserved.