India and Japan have finally agreed on a fully elevated bullet train corridor between Mumbai and Ahmedabad. However, Japanese experts are also exploring the feasibility of constructing the corridor underground as proposed by the Indian Railways. Senior railway officials said this will rid land acquisition by 50 per cent thought the project cost would go up by nearly Rs 10,000 crore.
Sources said Japan is keen on constructing the corridor on the surface as it would be cheaper.
However, given the inordinate delay in several projects due to land acquisition and subsequent legal hurdles, the Japanese government is keeping both options open. Read More…
Latest posts by businesstoday.in (see all)
- Oil Ministry Seeks Cut In Excise Duty On Petrol, Diesel In Budget 2018 - January 23, 2018
- ONGC increases borrowing limit to Rs 35,000 crore to fund HPCL deal - January 22, 2018
- Make In India Setback: 70 Per Cent Of Bullet Train’s Parts To Be Made In Japan - January 18, 2018