Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe on Wednesday laid the foundation stone of the ambitious Rs 1.08 lakh crore ($17 billion) Ahmedabad-Mumbai high-speed rail project here.
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 dozen halts. A 21-km-long tunnel will be dug between Boisar and BKC in Mumbai, seven km of which will be under the sea.
Japan International Cooperation Agency (JICA) and the Union Railway Ministry have inked a memorandum of understanding for the 508-km corridor, with Japan to partially fund the project.
Chief minister of Gujart, Vijay Rupani, Union railway minister, Piyush Goel, also spoke on this occassion. Railway minister Piyush Goyal said Mumbai-Ahmedabad bullet train will be a symbol of brotherhood between India and Japan. Its a golden day for Gujrat says Gujarat CM Vijay Rupani. He also said PM Narendra Modi wants the bullet train to start a year ahead of schedule on 15 August 2022 - when India completes 75 years of independence
India's first high speed rail project inaugurated by PM Modi & Japanese PM Shinzo Abe in Ahmedabad. Japan is committed to the scheme of 'Make in India' said Japanese PM Shinzo Abe. If we work together nothing is impossible: Japanese PM Shinzo Abe on India-Japan partnership. Japanese PM also said "I really like Gujarat & I really like India. I will do whatever I can for India".
Prime Minister Modi began his speech by thanking PM Abe for taking special interest in the project.Modi went on to emphasise the strength of Indo- Japanese frienship. He praised the nature of Indo-Japan relationship for withstanding the test of time. His speech also highlighted aspects of anicient civilisation and how Japan through its sustained efforts has emerged as one of the leading nations in the world.
India has found a friend in Japan who is willing to give loans without an interest. I really appreciate the Japanese leader for his sustained support for this project, said PM Modi
The much-touted high speed train service will enable people to travel from one place to other in a very short span of time.
Technology should enable every citizen to be an equal beneficiary of it. This projechas this potential as various aspects of technology transfer is involved. The high-speed train service is a great move towards the promotion of Make in India Project. If technology is used to empower the poor we can win the fight against poverty said PM Modi
If one says take loan & return it in 50 yrs, is it believable? But Japan is such a friend, they gave us loan of 88,000 cr at 0.1% interest said PM Modi.