Edition: Global  
One News Page
“Probably the fastest-access news portal in the world”
> >

India is building its first bullet train with a whole lot of help from Japan

Duration: 01:15s - Published: < > Embed
News video: India is building its first bullet train with a whole lot of help from JapanAHMEDABAD, INDIA — India has started building a high-speed train system with the help of Japanese technology and finance. The network will stretch 508 kms from Ahmedabad to the financial center of Mumbai, and was announced Thursday by Prime Minister Narendra Modi, the Guardian reported. The country plans to invest $19 billion to construct the new bullet train line. Japan will fund more than 80 percent of the project, over $14 billion, by providing a 0.1 percent interest loan to be repaid over the next 50 years. The line is expected to be finished by 2023 and will cut travel time between the two cities down to three hours from the current eight. The Modi administration claims that the project will create 36,000 jobs in India, according to the Guardian. The bullet train can carry 750 passengers at an average speed of 250 kph, with a top speed of 320 kph. Analysts say constructing the bullet train will give a boost to infrastructure development in India’s quickly-developing western industrial region and help with economic growth.

0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 

Recent related news

From Tokyo to Ahmedabad: World of bullet trains

PM Narendra Modi and his Japanese counterpart Shinzo Abe on Thursday launched India's first bullet...
IndiaTimes - Sports

Arun Jaitley annoyed as man asks for Hindi translation of 'bullet train'

As Jaitley was expounding on the bullet train initiative of the Narendra Modi government and rued...
IndiaTimes - IndiaAlso reported by •Zee News


India -Japan shoot a 'bullet' together to put its bilateral relations' on firm footing

Berlin [Germany], September 17 :The bullet train project now becomes a work in progress with a...
newKerala.com - World

Who is Eenam Gambhir, India's first Secretary in Permanent Mission to UN who called Pakistan terroristan

When "host to the Ivy League of terrorism", read Pakistan, said India supports terrorism, India's...
India Today - India

Shinkansen: India and Japan’s silver bullet for a rising China

The inauguration this week of India’s first high-speed rail corridor between Mumbai and Ahmadabad,...
S.China Morning Post - Asia-Pacific

Amazon India signs business deals with Shoppers Stop, Patni Group: Reports

That Amazon is serious about India has been evident from the online retail giant’s sustained...
BGR India - Technology

India is just scratching the surface of digital payments acceptance: Mastercard Country Officer Porush Singh

Global payments giant Mastercard has a lot going for it in India — what several of its top...
BGR India - Technology

Why India wants to avoid having to choose between China and Japan

Prime Minister Shinzo Abe of Japan evidently had a good trip to India last week. In recent months...
S.China Morning Post - Asia-Pacific

Commuter brands South Western Railway 'appalling' after catching just one punctual train home in a month

Commuter brands South Western Railway 'appalling' after catching just one punctual train home in a monthThe train operator said "infrastructure failures" since the completion of the Waterloo upgrade works...
Dorking Leatherhead Advertiser - UK

China says no third party meddling after Japan's cooperation to India's northeast

*Beijing [China], September 16 (ANI): Referring to Japan's announcement to invest in northeast India,...
ANI News - Asia-Pacific


You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2017 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+