India's Bullet Train Project launched

Thu Sep 14 2017 12:28:29 GMT+0530 (IST)

Prime Minister Narendra Modi & Japanese PM Shinzo Abe launched India's first ever Bullet Train project estimated to cost Rs 1.1 lakh crore in Sabarmati near Ahmedabad on Thursday.

The 750-seater Bullet Train passes through the 508 km stretch between Ahmedabad in Gujarat to Mumbai 70 times per day with an average speed of 250 kmph and top speed of 320 km per hour. It's is a joint venture of Indian Railways and Japanese Firm Shinkansen Technology.

At the launch event, Japanese PM Shinzo Abe is hopeful of enjoying the beauty of India through the windows of the Bullet Train when I visit India in a few years. 'India-Japan Partnership is special, strategic and global,' he added.

Narendra Modi said: 'Indian Railways will be modernized in a short span of time. Bullet Train will create employment and boost development. Hopefully, The project will be completed by 2022-23, Mr. Shinzo Abe & I will travel together in the bullet train. Japan offered a loan of Rs 88,000 crores to India at an interest of just 0.1% for this project. True Friendship is beyond just Money. I can't thank Shinzo Abe and Japanese People enough for their big hearts'.