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Who is paying for bullet train in India?

Who is paying for bullet train in India?

The estimated cost of the Mumbai-Ahmedabad bullet train project is ₹110,000 crore, of which ₹88,000 crore will be funding from Japan International Cooperation Agency (JICA). The project has a completion deadline of 2023.

Who funds bullet train?

JICA agreed to fund 81\% of the total project cost ₹88,087 crore (US$12 billion), through a 50-year loan at an interest rate of 0.1\% with a moratorium on repayments up to 15 years and the remaining cost will be borne by the state governments of Maharashtra and Gujarat.

How much does bullet train cost in India?

Govt of India spent ₹13,483 crore on first Bullet Train Project, know work progress as on date.

Who is owner of bullet train in India?

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National High Speed Rail Corporation Limited

Type Subsidiary of Indian Railways
Total equity ₹3,124.47 crore (US$410 million) (2019)
Owner Indian Railways, Ministry of Railways, Government of India
Number of employees 212 (March 2019)

Is bullet train successful in India?

India’s first bullet train will run in the Mumbai and Ahmedabad high-speed rail corridor, whose construction began in September 2017. It is a 508 km long high-speed rail corridor building with the help of Japan. The train will run at a speed of 320kmph and is expected to be completed by 2022.

Which is world fastest train?

The Shanghai Maglev Train
The Shanghai Maglev Train, opened in 2004, is the fastest commercial passenger maglev in operation, at 431 km/h (268 mph). In 2007, a Euroduplex TGV train broke a record of 574.8 km/h (357.2 mph), making it the fastest conventional wheeled train in the world.

What is the speed of bullet train?

The maximum operating speed is 320 km/h (200 mph) (on a 387.5 km section of the Tōhoku Shinkansen). Test runs have reached 443 km/h (275 mph) for conventional rail in 1996, and up to a world record 603 km/h (375 mph) for SCMaglev trains in April 2015.