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NEW DELHI – Passengers will get the thrill of riding under the sea while traveling between Mumbai and Ahmedabad in the first bullet train of the country.[8]
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The 508km long Mumbai-Ahmedabad high speed rail corridor will have a 21km long tunnel under the sea,[5] said a senior railway ministry official involved with the public transporter‘s ambitious bullet train project.[6]
It will be India’s first under-water bullet train!
While most part of the corridor is proposed to be on the elevated track, there will be a stretch after Thane creek towards Virar which will go under the sea as per the detailed project report by JICA.
Estimated to cost about Rs 97,636 crore, 81 per cent of the funding for the project will come in form of a loan from Japan. The project cost includes possible cost escalation,[1] interest during construction and import duties.
It is a soft loan for 50 years at 0.1 per cent annual interest with 15 years’ moratorium, said the official.[2] Rolling stock and other equipment like signalling and power system will be imported from Japan as per the loan agreement.
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The official said the loan agreement with Japan is slated to be signed by the end of the year and construction work is likely to begin by the end of 2018.[3]
According to the top priority to the first of its kind project, railways has formed National High Speed Rail Corporation Limited (NHSRCL), a special purpose vehicle (SPV) with a paid-up capital of Rs 500 crore.[1]
Source: The times of India
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