The project is expected to cost 1.1 lakh crore and 81 percent of the cost will be financed by Japan at a minimal interest rate of 0.01 percent
India's first bullet train project was inaugurated on Thursday by Prime Minister Narendra Modi and Japan's Prime Minister Shinzo Abe in Ahmedabad. The project, which will connect Ahmedabad and Mumbai, is expected to be completed by 2022.
Here are ten things to know about the historic project:
1) The route from Sabarmati to Bandra will be 508km long. It will have total twelve stations along the way — Sabarmati, Ahmedabad, Anand, Vadodara, Bharuch, Surat, Bilimora, Vapi, Boisar, Virar, Thane and Bandra.
2) The track will be constructed both overhead and underground. 471km of the track will be elevated and rest will be underground. A section of seven kilometres of the track will run under Vasai creek between Thane and Vasai.
3) 156km of the track will be in Maharashtra and 350km will be in Gujarat. A 2km-long stretch will fall in the union territory of Dadra and Nagar Haveli.
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4) Newly-appointed Railway Minister Piyush Goyal has said that he expects the project to be completed a year ahead of the deadline in 2022.
5) The project will be constructed by High-Speed Rail Corporation of India (HSRC) which is a subsidiary of Rail Vikas Nigam Limited, a mini-ratna company.
6) The project is expected to cost Rs 1.1 lakh crore. 81 percent of the cost will be financed by Japan at a minimal interest rate of 0.01 percent for 50 years.
7) The project will require the acquisition of over 700 hectares of land in Gujarat which includes residential colonies. Much of the track, however, will run along existing rail tracks.
8) The tracks will be designed for a maximum speed of 350km. The trains will run at the speed of 320km. The time taken to cover the distance by bullet train is expected to be three hours.
9) Though there is no information on ticket prices for the train Piyush Goyal has said that bullet trains will be affordable with competitive pricing.10) It is premature but the trains are expected to have two categories of seats—executive and economy. The fare will be comparable to the base AC 2-tier ticket price of the Rajdhani Express.