new projects in Bhiwandi<\/a> <\/span>?<\/strong><\/p>\n
\nHigh-Level Conference To Quicken The Bullet Train Project<\/h2>\n
On September 1, Railway Minister Ashwini Vaishnaw will preside over a high-level meeting with a Japanese delegation to advance the Mumbai-Ahmedabad high-speed rail project. Senior representatives from the Japanese government and the Railway Ministry will attend the key conference to review the project’s development. After the construction of tunnels and bridges for the MAHSR corridor, this development took place. In 2027, the project hopes to roll out the first bullet train. improving the connection between Mumbai and Ahmedabad.<\/p>\n
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Rolling Stock Acquisition For The Bullet Train<\/h2>\n
An estimated Rs 11,000 crore would be spent on each of the 24 E5 Series Shinkansen trainsets for which bids have been request by the government. The purchase complies with the Japan International Cooperation Agency’s funding guidelines. Only Japanese businesses are permit to submit bids for the purchase of rolling stock. These trainsets, which can each hold 690 passengers and have been modified for Indian circumstances, are expect to transform high-speed rail travel there.<\/span>\u00a0The deadline for bidders to submit their offers is the end of October, which is a big step towards giving India high-speed rail connections.<\/span><\/p>\n <\/p>\n
Current State Of The Purchased Land<\/h2>\n
Approximately 1381.9 hectares of the require total amount of land have thus far been purchase. The biggest delays in land acquisition have been seen in the state of Maharashtra. Compare to the 196.19 hectares acquire by June 2021, 429.53 hectares of land had been acquire by that point.<\/p>\n
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Project Budget<\/h2>\n
The anticipated cost of the Mumbai-Ahmedabad Bullet Train project is Rs. 1.1 lakh crore. This comprises import taxes, 24 trainsets, and construction interest.<\/p>\n
JICA, the Japan International Cooperation Agency, would lend Rs 88,087 crore for a 50-year loan with an interest rate of 0.1% and a 15-year repayment moratorium to cover 81% of the project’s costs. The Maharashtra and Gujarat state governments, along with the federal government, would cover the remaining expenses.<\/p>\n
The development of the Mumbai-Ahmedabad high-speed rail route would get a Tranche 4 Official Development Assistance (ODA) loan from JICA in the amount of Rs 18,750 crore.<\/p>\n
This is the greatest sum ever commit under a single project credit arrangement in JICA history, according to a statement from the organisation.<\/p>\n
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Features<\/h2>\n