Yes! India is soon going to boast of its own bullet train that will run between Mumbai and Ahmedabad. So, let’s have a look at some of the important developments this project has gone through since its inception:
- 9th December 2015: The ambitious Mumbai-Ahmedabad bullet train project costing a whopping Rs.98,000 crore gets a green signal by the cabinet.
- 12th December 2015: Indian PM Narendra Modi and his Japanese counterpart Shinzo Abe sign the deal at the annual summit talks in New Delhi.
- 22nd December 2015: The project faces a hurdle when the Maharashtra government expresses its inability in allotting land requested in the Bandra-Kurla Complex. The state government instead recommends the NDA government to use vacant railway plots in Dadar, Kurla and Bandra termini.
- 4th January 2016: The Ministry of Railways fast-tracks the Mumbai-Ahmedabad bullet train corridor by setting up a separate company that will be registered till January end, in the name of Indian Railways.
- 8th January 2016: Additional Chief Secretary, Transport and Ports, Gautam Chatterjee announces that they are considering to build an elevated corridor to run the Mumbai-Ahmedabad bullet train, which will increase the cost of project by Rs.10,000 crore.
- 11th January 2016: Government constitutes a five-member high-level committee chaired by NITI (The National Institution for Transforming India) Ayog Vice Chairman Arvind Panagariya to monitor Mumbai-Ahmedabad bullet train project.
Few Facts about the Bullet Train:
- It will be constructed using Japanese Shinkansen Technology and will be one of the world’s cheapest bullet train projects.
- It will reduce Mumbai-Ahmedabad travel time from 8 to just 2 hours.
- It will hit a top speed of 320 km/hr.
- The Japan International Cooperation Agency (JICA) will fund up to 81% of the project at 0.1 per cent interest rate for a period of 50 years.
- The rail line should be ready by the end of 2023 and work is expected to begin by 2017.
- The project will be jointly implemented by Maharashtra and Gujarat state governments and the Ministry of Railways.