The Japan Global Cooperation Agency (JICA) has produced loan that is soft of Rs 1.10 lakh crore to perform the task. File picture
Even while Maharashtra Chief Minister Uddhav Thackeray has questioned the high costs and feasibility of this bullet train task, this has now emerged that the Union federal government has allotted Rs 5,600 crore when it comes to project that is ambitious financial 2020-21.
Prime Minister Narendra Modi would like to finish the task connecting the country’s monetary money Mumbai with Gujarat’s biggest city Ahmedabad by 2022, to mark the 75th 12 months of Independence.
Sources into the nationwide High-Speed Rail Corporation stated a provision of Rs 5,600 crore happens to be created for the 500-km train task, modelled in the lines of Japan’s famous bullet train.
Aside from the Centre’s share, addititionally there is a proceed to get Rs 5,000 crore from Maharashtra and Gujarat, which possess a 4th of equity within the project, in the shape of additional budgetary resources (EBR), the Western Railway’s ‘Pink Book’ said.