The bullet train line to cost Rs.98,000 crore

New Delhi: To construct 505-km-long bullet train line, the budget of  Rs.98,000 crore will be required, the central government informed the news. The bullet train line is proposed to be constructed between Mumbai and Ahmedabad.

According to Minister of State for Railways Manoj Sinha, the cost estimates were revealed by a joint project feasibility study which was co-financed by the Indian Railways and Japan International Cooperation Agency (JICA).

“The government of Japan has given an assistance package proposal for Mumbai-Ahmedabad high speed corridor involving technical, operation and maintenance (O&M) and financial assistance to the tune of 81 percent of project cost met through loan,” Sinha said in a written reply to a question in the Lok Sabha.

“The interest and other terms have not been finalised. No other country has offered such support for the project.”