The Mumbai-Ahmedabad High-Speed Rail, also popular as Bullet Train Project is likely to be done by 2023, said Railway Minister Piyush Goyal in the Rajya Sabha.

In a written response, Mr. Goyal claims that the bullet train project that span across 508 km has been sanctioned by the central government.  

He continued, “This project is being executed by a special purpose vehicle namely National High-Speed Rail Corporation Limited (NHSRCL), with the financial and technical assistance from the Government of Japan. The total estimated cost of the project is Rs. 108000 crore.”

Till date, the expenses of Rs. 3226.8 crore has been incurred on the bullet train project up to June 2019, said the Railway Minister.

Enquired when the central government will expand the network of bullet train project across the country, Piyush Goyal was quoted saying, “Bullet Train or High-Speed Rail Projects are highly capital and technology-intensive, and therefore, their proposals for other sections are subject to technical feasibility, financial and economic viability and availability of funding.”

Related Articles
Next Story
Going Viral
Economic Growth In India Is “Much Weaker Than Expected”- Explains IMF

Economic Growth In India Is “Much Weaker Than Expected”- Explains IMF

by Chandrani Sarkar September 13, 2019
On Thursday, the International Monetary Fund has said that the economic growth of India is “much weaker than expected” due to environmental and corporate regulatory variability and “lingering weakness” in some non-bank financial sectors.  The IMF spokesman Gerry Rice told sources at a press conference, “We will have a fresh set of numbers coming up, but the recent economic growth in India is much weaker than expected, mainly due to...