Today in Rajya Sabha Rail Minster Piyush Goyal repiled to a Question, and said estimated cost of Project will ₹1,08,000 crore.This includes the cost that will be incurred on the rolling stock as well. He further said that 81 per cent of this amount will be funded through the loan from the Japanese firm, Japan International Cooperation Agency (JICA). The high-speed rail project is targeted to be completed by the year 2023.
Also Rail Minster stated in front of house that 24 bullet train sets have been planned for procurement from Japanese companies through tendering process for the upcoming Mumbai-Ahmedabad bullet train project.
The high-speed train is being developed on E5 Shinkansen technology of Japan. According to Goyal, as per the memorandum of understanding (MoU) signed between the NHSRCL and the Japanese side, in order to promote Modi government’s ambitious ‘Make in India’ initiative, at present, 6 out of over 24 train sets are planned for assembling in India. The location for this is to be decided by the Japanese supplier, he added.
Tech with Gourav 