'Trying to complete bullet train project by 2022'
New Delhi , June 11 : Union Railways Minister Piyush Goyal on Monday said India's ambitious bullet train project is likely to be completed by 2022, a year ahead of its estimated deadline, which is December 2023.
"The Indian Railways is working day and night to complete the much-awaited Bullet train project by 2022," the Union Minister said.
On May 6, Japan's Parliamentary Vice-Minister, Akimoto Masatoshi inspected the sites for the Ahmedabad-Mumbai bullet train and the Ahmedabad-Gandhinagar metro rail projects, respectively.
The bullet train between Ahmedabad and Mumbai will run a total length of 508 km, of which 21 km will be covered in the tunnel under sea.
The cost of the tunnel is estimated at Rs 3,500 crores.
The cost of the total train project is Rs 1.10 trillion, and Japan is giving a loan of Rs. 88,000 crores for the same at a minimal interest of 0.1 per cent, which has to be repaid over 50 years.