Japan is expected towin the right to construct India’s first bullet train, after losing anIndonesian high-speed rail deal to China, the Nikkei business daily reported onTuesday.
Japan will offer morethan 1 trillion yen ($8.11 billion) in loans to construct India’s 980 billionrupee fast train, according to the report.
Japan recently lostthe bid to build Indonesia’s first fast-train because Beijing provided a $5billion loan without guarantees.
Japanese PrimeMinister Shinzo Abe, due to visit India this week, and his counterpart NarendraModi are expected to issue a joint statement on the deal, the Nikkei said.
Tokyo was picked toassess the feasibility of building the 505 kms (313 miles) corridor linkingMumbai with Ahmedabad, the commercial capital of Modi’s home state, andconcluded it would be technically and financially viable.
Construction of thehigh-speed railway link will start from 2017 and will be completed in 2023, theNikkei reported.
nakanoguy01DEC.08, 2015 - 02:15PM JST
Tokyo was picked to assess thefeasibility of building the 505 kms (313 miles) corridor linking Mumbai withAhmedabad, the commercial capital of Modi’s home state, and concluded it wouldbe technically and financially viable
this is highly doubtful. india's percapita income is about 1,250 USD. who is going to be riding in these trains tomake them profitable? i have a funny feeling the japanese taxpayers are goingto be the ones footing this bill.
StrangerlandDEC.08, 2015 - 02:21PM JST
If I recall correctly, the number of Indians who are middleclass now exceeds the population of the US. Their per-capita income may besmall, but there are a lot of people in that country.
turbotsatDEC.08, 2015 - 02:46PM JST
nakanoguy01: this is highly doubtful.india's per capita income is about 1,250 USD. who is going to be riding inthese trains to make them profitable? i have a funny feeling the japanesetaxpayers are going to be the ones footing this bill.
**Train travel in India - a beginner'sguide **
Do trains get fully-booked?
Yes, they do, often weeks or even monthsin advance, so you should make reservations as far in advance as possible.You'll see TV screens in the reservation offices in major cities showing berthavailability on the main trains from that city over the next few weeks. Infact, if you go to www.indianrail.gov.in and click 'Availability at majorstations' then 'Earliest date of available berths' you can see the next date onwhich berths are available on key trains leaving each of the most importantstations. For example, today is 29 January, and I can see that the earliestdate for which I can buy an AC2 ticket on the Shiv Ganga Express to New Delhiis 6 March. Although if I travelled in AC3 I could buy tickets for 28 February.However, now for the good news. On many popular trains there's a specialForeign Tourist quota which gives foreigners and IndRail passholderspreferential treatment.
The second link is about the ticketclasses. AC2 = two-tier air-conditioned bunks, AC3 = three-tier.
igloobuyerDEC.08, 2015 - 05:06PM JST
Déjà vu Indonesia and US deals.
Doo-BopDEC.08, 2015 - 06:42PM JST
I can't get rid of an image that's in mymind of a bullet train zooming by with hundreds of people on the roof, hangingon for dear life!
lostrune2DEC.08, 2015 - 06:42PM JST
India and China still have long-standingissues. India won't let itself be dependent on China.
BNlightenedDEC.08, 2015 - 07:53PM JST
Japan poised to win India bullet traindeal: Nikkei
They had better win, because we allremember what a truly terrible temper tantrum Japan can throw when they lose!Isn't that right, Indonesia?
serendipitousDEC.08, 2015 - 11:09PM JST
Wait till those Chinese trains inIndonesia start having accidents or other issues. Japan's shinkansen system maybe expensive but it is by far the safest and most reliable system in the world.India would be smart to go through with this deal.