Construction begins on Japan-funded bullet railway in India

By BizClik Admin

Work has launched on India’s high-speed ‘bullet’ railway which is set to be completed within five years.

Currently, India’s rail system carries over 22 million passengers every day, with out-of-date equipment and infrastructure resulting in chronic delays and frequent accidents.

The new railway will run between Ahmedabad and Mumbai and will cut the 310 mile journey from eight hours to just three, with a 750-seater train consisting of ten coaches operating st top speeds of 217 miles per hour.

The route will largely be elevated but will include a 4.5 mile long undersea tunnel.

 

See also: 

Tech wars - disrupting the business of warfare 

China to move exclusively to ethanol gasoline by 2020

Latest edition of Business Review Asia 

 

Over 80% of costs are being funded by a $17bn loan from Japan, with Japanese Prime Minister Shinzo Abe launching work by laying the foundation stone on Thursday during a two-day visit to India.

Abe stated: “My good friend Prime Minister Narendra Modi is a far-sighted leader. He took a decision two years ago to bring a high-speed train to India and create a new India… I hope to enjoy the beautiful scenery of India through the windows of the bullet train when I come back here in a few years.”

Indeed, the high-speed railway was a key promise in Modi’s 2014 election campaign. The work bas been launched in the Prime Minister’s home state of Gujarat.

The loan will be repaid over 50 years at 0.1% interest, with a 15-year grace period.

Supporters hope the train will improve commuter convenience, reduce congestion and improve business prospects, but some critics have expressed that it would be more effective to improve India’s existing railways.

Indian Railways Minister Piyush Goyal has said the new technology will “revolutionise and transform the transport sector.”

 

Share

Featured Articles

Nirvik Singh, COO Grey Group on adding colour to campaigns

Nirvik Singh, Global COO and President International of Grey Group, cultivating culture and utilising AI to enhance rather than replace human creativity

How Longi became the world’s leading solar tech manufacturer

On a mission to accelerate the adoption of sustainable energy solutions, US$30 billion Chinese tech firm Longi is not just selling solar – but using it

How Samsung’s US$5billion sustainability plan is working out

Armed with an ambitious billion-dollar strategy, Samsung is on track to achieve net zero carbon emissions company-wide by 2050 – but challenges persist

UOB: making strides in sustainability across Southeast Asia

Sustainability

Huawei smartwatch goes for gold with Ultimate Edition

Lifestyle

How IKEA India plans to double business, triple headcount

Corporate Finance