AHMEDABAD: Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe on Thursday laid the foundation stone of the ambitious Rs 1.08 lakh crore ($17 billion) Ahmedabad-Mumbai high-speed rail project.
Total cost of the project is expected to be around 1.1 lakh crore. The 508 km high-speed rail link to Mumbai is seen as a centrepiece of PM Modi’s efforts to demonstrate India’s capability to build high-tech projects. The project, which is expected to be commissioned by 2022, will have a ..
“My good friend Prime Minister Narendra Modi is a far-sighted leader. He took a decision two years ago to bring high-speed train in India and to create a new India,” he said.
“I hope to enjoy the beautiful scenery of India through the windows of the bullet train when I come back here in a few years,” Abe said.
The Rs 1.10 lakh crore train project between Ahmedabad and Mumbai is expected to be completed by 2022. The train would cover the distance of over 500 km in around two hours.
Japan has extended a soft loan for the ambitious project conceptualised by Modi.
The project is a joint venture between Indian Railways and Japan’s Shinkansen Technology.
The prime ministers of the two countries also laid the foundation stone for an institute that will come up at Vadodara where around 4,000 people will be trained for the bullet train project.
Railway Minister Piyush Goyal, Gujarat Chief Minister Vijay Rupani and his Maharashtra counterpart Devendra Fadnavis were present on the occasion.