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News Entry# 286774
  
Nov 25 2016 (19:45)  SPV For Bullet Train Project (pib.nic.in)
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Commentary/Human Interest

News Entry# 286774     
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Posted by: rdb*^  126086 news posts
A Special Purpose Vehicle, namely, National High Speed Rail Corporation Limited (NHSRC) has been formed in February, 2016 to implement Mumbai-Ahmedabad High Speed Rail corridor project.
Estimated cost of Mumbai-Ahmedabad high speed rail corridor is rs 97,636 crore. Government of Japan has agreed to provide Japanese (Yen) loan upto 81% of the project cost at 0.1% per annum, to be repaid in 50 years with 15 years moratorium.
The target for commissioning the project is 2023-24. Work on scheduled activities such as appointment of General Consultant, Final Location Survey and training of officials
...
more...
has commenced.
The project has been sanctioned with 50% equity participation by Ministry of Railways and 25% each by the Governments of Maharashtra and Gujarat.
This Press Release is based on the information given by the Minister of State for Railways Shri Rajen Gohain in a written reply to a question in Rajya Sabha on 25.11.2016 (Friday).
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AKS/MKV/DK
(Release ID :154344)
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