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India's First Bullet Train with Japan's support
By: Tupaki Desk | 8 Dec 2015 5:14 PM GMT
India will be signing a deal with Japan for the first ever Bullet Train in the country between Mumbai and Ahmedabad. An official announcement in this regard is expected during Japan Prime Minister Shinzo Abe's India visit on Saturday.
The Bullet Train project with 505 km railway line between Mumbai and Ahmedabad costs $14.6 billion. Japanese PM will offer a loan of $8 billion for this ambitious project. After the deal gets finalized, India will hold a tender for contracts.
In 2007, Japan exported the bullet train technology to Taiwan. Now, The developed nation will be collaborating with India for extending its foreign market.
Japan's Bullet Train travels at a speed of 320kmph. The traveling time between Mumbai and Ahmedabad will be shortened to 2 hours from existing 8 hours if the high speed rail project materializes.
The Bullet Train project with 505 km railway line between Mumbai and Ahmedabad costs $14.6 billion. Japanese PM will offer a loan of $8 billion for this ambitious project. After the deal gets finalized, India will hold a tender for contracts.
In 2007, Japan exported the bullet train technology to Taiwan. Now, The developed nation will be collaborating with India for extending its foreign market.
Japan's Bullet Train travels at a speed of 320kmph. The traveling time between Mumbai and Ahmedabad will be shortened to 2 hours from existing 8 hours if the high speed rail project materializes.
