India-Japan seals ₹7,000 cr bullet train buy deal

bullet train
India has recently decided to buy 18 bullet train sets from Japan at an investment of ₹7,000 crore in a deal that includes a rider to transfer technology for local production. The country’s first bullet train is likely to start running 508 km between Mumbai and Ahmedabad by the end of 2022. The country will get 18 Shinkansen train sets from Japan as the high-speed train corridor project is being built with Japanese assistance. Each train will have 10 coaches and would be able to cruise at the speed of 350 km per hour. In this connection, the Japanese manufacturers will participate in a tender that will be floated soon to procure the high-speed trains and that they will follow the Japan Railways design. The official sources added that Japanese bullet trains are among the safest in the world and those imported will have automatic protection systems to ensure safety. The bullet train corridor will have sound baffles along the route that will have 12 stations, with about 350 km of it in Gujarat and 150 km in Maharashtra. The government has already started getting funds from the Japanese International Cooperation Agency, which is providing a soft loan of ₹88,000 crore for over 50 years at an annual interest rate of 0.1%, the sources claimed.

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