Bullet Train Agreement With Japan

Japan`s loan at an interest rate of 0.1% for high-speed rail is not exceptional when one sees Japan`s low interest rates of 0.05% and national economic conditions, if the country of the high-speed train is not purchased on time, the payment of loans at reduced rates by the Japan International Cooperation Agency (JICA), a public development organization that is reviewing the project next month, delayed. said two senior Indian railway officials and refused to be named. Shiv Sena chief and Maharashtra`s new prime minister, Uddhav Thackeray, said on December 1 that his government would review the high-speed rail project along with other infrastructure works initiated by the previous government. “We will then make a decision on what to do as a priority,” he said. Larsen & Toubro (L>T) has been awarded a contract for the construction of a 237 km viaduct on the 508 km Mumbai-Ahmedabad high-speed corridor. L&T was commissioned to build four stations and a train depot in Surat. It also proved to be the lowest bidder for the construction of viaducts on another 88 km line and a station in Anand on the high-speed rail corridor. Japan International Consultants for Transportations Co., a subsidiary of East Japan Railway Co., has participated in the train supply project, while the parent company wants to offer maintenance and driver training services. The other problem concerns the acquisition of railway vehicles. According to the Japanese, only Kawasaki and Hitachi have the right to deliver the trains.

However, it was found that the two companies could only submit one bid together, resulting in a single tender that the Indian side wanted to either avoid or launch a call “at the highest level,” sources said. But Khan also believes it is “unlikely that he will be completely removed from the high-speed rail project,” although it could become a controversial topic between the federal and regional governments. “The land government could probably negotiate by asking to share the financial burden of the project and seek better compensation for the farmers concerned in order to keep their election promises,” Khan said. Thus, the recent credit agreement on high-speed rail is only a continuation of the long history of bilateral external aid on preferential terms. The high-speed rail corridor will have sound walls along the line which will have 12 stations, including about 350 km in Gujarat and 150 km in Maharashtra. “We will continue to work with the Indian government to advance this project with the aim of commissioning the operation in 2023,” the official said. The two leaders agreed in December 2015 on the introduction of high-speed train technology in India, which would be the country`s first high-speed rail project. Japan plans to discuss the follow-up to a high-speed rail project in India using Japan`s Shinkansen technology, after its estimate found a budget shortfall of about 500 billion yen ($US 4.56 billion), a source familiar with the matter said Saturday. To allay Japan`s concerns, Indian officials this month sought a meeting with transport ministry officials in Tokyo, one of the Indian officials said.

India wants the final goal of the project to be brought forward by one year, until 2022, the 75th year of India`s independence. The latter agreement is expected to allow Japan to export nuclear power plant technologies to India. Japan Railway is betting on AI to combat snow problems Tickets for the high-speed train, which goes up the same distance, would be set at around 3,000 rupees. “We are not against anything, but our first priority is the peasants,” Kesarkar said. Shiv Sena and the allied nationalist Congress party had already opposed the high-speed train before the state elections, supposedly “to win the votes of peasants likely to be affected by the Shinkansen project,” said Indo-Japanese expert Shamshad Ahmad Khan. The boost behind the 1.1 trillion rupee ($15 billion) project came from Modi and his Japanese counterpart Shinzo Abe — who attended a groundbreaking solemn event in September 2017 — with 81 percent of construction costs to be financed by the Japan International Cooperation Agency at an interest rate of just 0.1 percent.