Japan offers India soft loan for $15 billion bullet train
NEW DELHI: Japan has offered to finance India’s first bullet train, estimated to cost $15 billion, at an interest rate of less than 1 percent, officials said, stealing a march on China, which is bidding for other projects on the world’s fourth-largest network.
Tokyo was picked to assess the feasibility of building the 505-kilometre corridor linking Mumbai with Ahmedabad, the commercial capital of Prime Minister Narendra Modi’s home state, and concluded it would be technically and financially viable.
Last month China won the contract to assess the feasibility of a high-speed train between Delhi and Mumbai, a 1,200-km route estimated to cost twice as much. No loan has yet been offered.
Now nobody can stop us from becoming a superpower.
Japan is trustworthy country…Bullet train contract must go to Japan and at any cost not to China.
Shivam Singh • 3 hours ago
Prefer japan….china can never be trusted
Nageswara Rao S
Any day Japan is a more trusted and reliable friend of India
Begging bowl of Modi is getting bigger
Why on loan….india has a lot of money ..Black money….white money….loan should be avoided. …Plz support development with our money. ..not om loan….
When Pakistan gets bullets as aid from China, India gets bullet trains funding, what a contrasting way of gifting its citizens.
Great offer, and naturally Japan is a old and reliable ally. There is nothing to loose for India, and puts Japan ahead of others in the race.
India should prefer Japan over Communist China & more over China is a potential threat to our sovereignity….!
Make China invest heavily in India, this will prevent them from taking panga with us on the borders.
That’s very good… Japan is a great friend of India and supports us in every aspect.
It is a fact that Japan was the FIRST to invent and install a bullet train
While this is a good move I still feel the priority should be for improving the existing network with more doubling & electrification & other passenger amenities.
$15billion is a lot of money. India should provide safe drinking water and houses to it’s citizens
Modi and Prabhu – please modernise Churchgate to Virar local. It is too painful and takes too long now to cover just 35 kms. The whole journey should not take more than 30 min..