The Japan Overseas Cooperation Agency (JICA) has produced loan that is soft of Rs 1.10 lakh visit this site crore to perform the task. File picture
Even while Maharashtra Chief Minister Uddhav Thackeray has questioned the high expenses and feasibility for the bullet train task, this has now emerged that the Union federal federal government has allotted Rs 5,600 crore for the committed project for financial 2020-21.
Prime Minister Narendra Modi really wants to finish the task linking the country’s economic capital Mumbai with Gujarat’s biggest city Ahmedabad by 2022, to mark the 75th 12 months of Independence.
Sources within the nationwide High-Speed Rail Corporation stated a provision of Rs 5,600 crore is created for the 500-km train task, modelled from the lines of Japan’s bullet train that is famous.
Independent of the Centre’s share, there’s also a proceed to get Rs 5,000 crore from Maharashtra and Gujarat, which have a 4th of equity within the task, in the shape of additional budgetary resources (EBR), the Western Railway’s ‘Pink Book’ said.
It could be noted that in FY20, the 2 states collectively contributed Rs 1,000 crore in EBR to the task.
The Japan Global Cooperation Agency (JICA) has produced soft loan dedication of Rs 1.10 lakh crore to perform the task.
The Union Indian that is government-controlled Railways a 50 % equity stake into the task.