Infrastructure sector projects by Government of India in Ahmedabad / Mumbai
Project Information
6889
Government of India
Japan will offer more than 1 trillion yen in loans to construct India’s Rs98,000 crore fast train, according to a report in Nikkei
apan is expected to win the right to construct India’s first bullet train, after losing an Indonesian high-speed rail deal to China, the Nikkei business daily reported on Tuesday.
Japan will offer more than 1 trillion yen ($8.11 billion) in loans to construct India’s Rs.98,000 crore fast train, according to the report.
Japan recently lost the bid to build Indonesia’s first fast-train because Beijing provided a $5 billion loan without guarantees.
Japanese prime minister Shinzo Abe, due to visit India this week, and his counterpart Narendra Modi are expected to issue a joint statement on the deal, the Nikkei said.
Tokyo was picked to assess the feasibility of building the 505km (313 miles) corridor linking Mumbai with Ahmedabad, the commercial capital of Gujarat, and concluded it would be technically and financially viable.
Construction of the high-speed railway link will start from 2017 and will be completed in 2023
Project Value
INR 98000 Crore /-
Planning
Ahmedabad / Mumbai
Delhi
India
Infrastructure
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