The Japan Overseas Cooperation Agency (JICA) has made a soft loan dedication of Rs 1.10 lakh crore to perform the task. File picture
Even while Maharashtra Chief Minister Uddhav Thackeray has questioned the high costs and feasibility for the bullet train project, this has now emerged that the Union federal federal government has allotted Rs 5,600 crore when it comes to committed task for financial 2020-21.
Prime Minister Narendra Modi desires to finish the task connecting the country’s monetary money Mumbai with Gujarat’s city that is biggest Ahmedabad by 2022, to mark the 75th 12 months of Independence.
Sources within the nationwide High-Speed Rail Corporation said a provision of Rs 5,600 crore was made for the 500-km train task, modelled regarding the lines of Japan’s famous bullet train.
Independent of the Centre’s share, there is a relocate to get Rs 5,000 crore from Maharashtra and Gujarat, which have a 4th of equity within the project, in the shape of extra 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 towards the task.
The Japan Overseas Cooperation Agency (JICA) has made a loan that is soft of Rs 1.10 lakh crore to perform the task. [Read more…]