First Bullet Train in India
Since last couple of years, a lot of things are being said and speculated about the arrival of bullet train in India. No doubt, almost every Indian citizen is waiting impatiently to have the facility of bullet train in this country. Even the current prime minister of India, Narendra Modi on few occasions mentioned the inception of bullet trains in India. But, how long it would take to run the first bullet train in India? In a recent press conference, the Railway Minister of India, Suresh Prabhu revealed the plan of bringing the bullet train in India.
About Mumbai – Ahmedabad high speed Bullet Train
He said that the first bullet train will run between Mumbai and Ahmedabad, covering an approx distance of 508 km. You can expect the journey to get over in almost 2 hours. So, the speed at which the train would run on the track would remain around 320 kmph. Well, that is the average operating speed. The top speed would remain around 350 kmph. He also shared that by the end of the year 2021, Indian people will be able to experience the journey of a bullet train. Yes, in 15th August 2022, India will run its first bullet train. (Date Source from Wikipedia)
The planning of the different phases has already started, and the country which is offering a loan for the completion of this project is none other than Japan. He said that the estimated cost wound remain around 97,636 crore INR. It is important to mention that 81 percent of the total cost would be provided by Japan, in the form of loan. But, what is more interesting and exciting is the 21 kms long tunnel which will be built under the sea. Yes, the bullet train will ride under the sea when travelling between the two cities.
The loan from Japan for Bullet Train
No doubt, the thrill of riding would be unmatchable, and it would be an entirely different experience. The loan from Japan will be a soft kind of loan, and the loan tenure would be of 50 years. During these 50 years, India will have to pay 0.1 percent interest on the loan amount, and it would be accompanied with 15 years moratorium.
Most of the expenditures would be related to import duties and construction. In this regard, JICA or the Japanese International Corporation Agency will play a major role. Power system, signaling system, and other major equipment will be imported from Japan. So, let us see how things roll out in the years to come.