TOKYO: Japan is expected to win the right to construct India's first bullet train, after losing an Indonesian high-speed rail deal to China, the Nikkei business daily reported on Tuesday.
Japan will offer more than 1 trillion yen ($8.11 billion) in loans to construct India's 980 billion rupee fast train, according to the report.
Japan recently lost the bid to build Indonesia's first fast-train because Beijing provided a $5 billion loan without guarantees
Japanese Prime Minister Shinzo Abe, due to visit India this week, and his counterpart Narendra Modi are expected to issue a joint statement on the deal, the Nikkei said.
Tokyo was picked to assess the feasibility of building the 505km (313 miles) corridor linking Mumbai with Ahmedabad, the commercial capital of Modi's home state, and concluded it would be technically and financially viable.
Construction of the high-speed railway link will start from 2017 and will be completed in 2023, the Nikkei reported.
Modi should study the feasibility,he should know the status of Indian ecnomy
Japanese have done the pre-feasibility and feasibility studies and submitted the report to the government with all showing go ahead signs...
people are dyeing daily in mumbai local trains for which very little is done to stop it do we really need this expensive toy which will cater only rich people
in US every day 90 people die of road accidents. That means they should use only bicycles.
Pratyush Chandra Madhur
With due respect sir, poverty cannot be eradicated by distributing money. you have to do some business, generate employment
So should we move people to a bullock cart? Are people not aware of the dangers of trying to catch a running train or hanging out? Indians are getting richer, if a family can afford to spend 5,000 over the weekend in restaurants, then they can afford the tickets. The concept of Bijli Pani Sadak is old now, the new gen wants more.
I used to travel in 2 tier A.C when my family travels with me
Bullet trains are one of the best Pro-poor, Pro-middle class step taken by Modiji.. Modiji wants to decongest the regular rail by moving the rich people to the High speed rail... Because of Congress Poor and middle class people are getting into waiting list... After 2030, once bullet trains start running we willl get seats in regular train without waiting list