Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe will lay the foundation stone for the country’s first bullet train project connecting Ahmadabad to Mumbai on Thursday.
The high speed train, with 10 cars and capacity to accommodate 750 people, is expected to reduce traveling time between two cities from seven to three hours . Later, the train will 16 cars which will accommodate 1,200 people. Around Rs. 1.10 lakh crore will be spent on the project of which Rs 88,000 crore will be funded by the soft loan from Japan. The completion deadline of December 2023 may be brought forward to August 2022 when the country celebrate s 75 years of independence. The Japanese loan will be available for 0.1% interest rate. and India will be able to repay this in 50 years. Repayment will begin 15 years after the loan is received.
The Mumbai-Ahmedabad bullet tran, running at operating speed of 320 kmph, will pass through 12 stations – Bandra, Kurla Complex, Thane, Virar, Boisar, Vapi, Bilimora, Anand, Vadodra, Ahmedabad and Sabarmati. Of the 508 km will be elevated, 27 km will pass through an under sea tunnel and the remaining 13 km will be the gound. The cost wil be 1.5 times the existing AC first class fare. For travel from Mumbai to Ahmedabad, a passenger will have to pay between Rs 2,700 to 3,000.