The proposed Bullet Train project between Mumbai and Ahmedabad is an exercise in vanity, said former Prime Minister Manmohan Singh said while addressing small businessmen in Ahmedabad on Tuesday.
Instead, projects like the Dedicated Freight Corridor (DFC) started during UPA government will benefit the Indian economy in multiple ways, increase productivity and reduce transportation costs, he said.
“The Bullet Train project is an exercise in vanity. The Rs 88,000-crore needs to be repaid to Japan. Gujaratis have a good business sense and you know if a project is too good to be true, it certainly is not,” said Singh.
He blamed the NDA government for its lop-sided priorities, adding not many will benefit from the project and alternatively, more investment should be pumped in creating infrastructure to boost safety and speed of Indian railway system, referring to spurt in railway accidents in past one year. Read More…
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