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
Agriculture Ministry Asked By PM Modi To Provide Machines To Farmers

Agriculture Ministry Asked By PM Modi To Provide Machines To Farmers

by Susmita November 7, 2019
Today Prime Minister Narendra Modi directed the Union Agriculture Ministry to give priority to farmers of Uttar Pradesh, Haryana, and Punjab in disturbing equipment to prevent stubble burning. The move comes after the Supreme Court criticized the authorities for failing to curb severe air pollution in Delhi and its surrounding areas. In the market, there are agro-machines available that remove stubble and governments of Haryana and Punjab are offering a...