Foundation stone laid for India’s first bullet train project

Japanese prime minister Shinzo Abe says his country is committed to Make in India

GN Bureau | September 14, 2017


#Bullet train   #Japan   #Shinzo Abe   #Narendra Modi   #Gujarat   #Ahmedabad   #Mumbai  


 Foundation stone of the 508 km long Ahmedabad-Mumbai high speed rail project was jointly laid by prime minister Narendra Modi and his Japanese counterpart Shinzo Abe on Thursday at Sabarmati in Gujarat.

Abe said the Japan government and Japanese companies made efforts to realise India’s dream of having a high speed train. He said Japan is committed for Make in India initiative and ready to extend all possible help to India. 
 
“Japan needs a stronger India and India needs a stronger Japan,” Abe said. 
 
Modi said India’s first bullet train project would bring a social change and is an example of strong friendship of both the countries. 
 
The project would be executed at the cost of Rs 110,000 crore. Japan is giving a loan of Rs 88,000 crore at an interest rate of 0.1 percent which is to be repaid to Japan in 50 years. The interest would be paid after 15 years of receiving the loan from Japan.
 

Comments

 

Other News

Moving people, not cars: The future of mobility and urban life

The recent tragedy at the Elphinstone Road suburban railway overpass in Mumbai is a symptom of a larger and deep-rooted malaise that can directly be traced back to the way we see our city as segments and our extraordinarily transactional relationship with it. The way we see our city is so tightly tautologi

Should Aadhaar be linked to properties?

Should Aadhaar be linked to properties?

732,207,000 Indians don’t have access to basic sanitation: Report

India, the world’s second-largest country by population, once again comes out top for the highest number of people without basic sanitation, said a WaterAid report. The report

Justice Dalveer Bhandari and his suggestions on income tax

Justice Dalveer Bhandari, who has again been elected to the International Court of Justice, had once made some very practical suggestions on income tax reforms. In his 2009 speech

GSL delivers patrol vessel to Coast Guard

 The last of the series of six new offshore patrol vessel (OPV), ICGS Sujay built by Goa Shipyard Ltd, was delivered to the Indian Coast Guard, 34 days ahead of the contractual schedule. GSL has delivered all six large sized patrol vessels ahead of schedule. “The delivery of sixth Coas

Justice Dalveer Bhandari and his suggestions on income tax

Justice Dalveer Bhandari, who has again been elected to the International Court of Justice, had once made some very practical suggestions on income tax reforms. In his 2009 speech



Video

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter