India- Bullet Train
The Indian Railways proposed constructing the proposed terminus at BKC as a three-storey underground station. However, the Maharashtra state government planned to construct the International Financial Services Centre (IFSC) at BKC on the same plot. JICA's report had cited the BKC plot as the most suitable location to build the Mumbai terminus.
In February 2016, the Railways and the state government came to an agreement to construct both projects at the BKC. However, in April 2016, the state government refused to permit construction of the underground station at BKC, citing the lack of availability of land in the area for an underground station after the completion of the proposed IFSC and its multi-level underground car park.
The state government also stated that IFSC would begin generating revenue for the government shortly, while the rail corridor was only expected to be completed by 2023. It instead suggested relocating the proposed BKC terminus to either Matunga or Kanjurmarg.
The issue was resolved in January 2017, when the Maharashtra Government and the MMRDA agreed to provide 5.4 hectares of land in BKC to construct a terminus.
The Mumbai–Ahmedabad high-speed rail corridor is an under-construction high-speed rail line connecting the cities of Ahmedabad, Gujarat, and India's economic hub Mumbai, Maharashtra. It will be India's first high-speed rail line.
COST- The project is estimated to cost ₹1.1 lakh crore (US$17 billion). The cost includes interest during construction and import duties. JICA agreed to fund 81% of the total project cost ₹88,087 crore (US$14 billion), through a 50-year loan at an interest rate of 0.1% with a moratorium on repayments up to 15 years and the remaining cost will be borne by the state governments of Maharashtra and Gujarat. 20% of the components used on the corridor will be supplied by Japan, and manufactured in India.
In February 2016, the Railways and the state government came to an agreement to construct both projects at the BKC. However, in April 2016, the state government refused to permit construction of the underground station at BKC, citing the lack of availability of land in the area for an underground station after the completion of the proposed IFSC and its multi-level underground car park.
The state government also stated that IFSC would begin generating revenue for the government shortly, while the rail corridor was only expected to be completed by 2023. It instead suggested relocating the proposed BKC terminus to either Matunga or Kanjurmarg.
The issue was resolved in January 2017, when the Maharashtra Government and the MMRDA agreed to provide 5.4 hectares of land in BKC to construct a terminus.
The Mumbai–Ahmedabad high-speed rail corridor is an under-construction high-speed rail line connecting the cities of Ahmedabad, Gujarat, and India's economic hub Mumbai, Maharashtra. It will be India's first high-speed rail line.
COST- The project is estimated to cost ₹1.1 lakh crore (US$17 billion). The cost includes interest during construction and import duties. JICA agreed to fund 81% of the total project cost ₹88,087 crore (US$14 billion), through a 50-year loan at an interest rate of 0.1% with a moratorium on repayments up to 15 years and the remaining cost will be borne by the state governments of Maharashtra and Gujarat. 20% of the components used on the corridor will be supplied by Japan, and manufactured in India.
Comments
Post a Comment