The ambitious project, whose foundation was today laid down by Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe, would cost around Rs 1.10 lakh crore. Japan is giving a loan of Rs 88,000 crore for the project at a minimal interest of 0.1 per cent.
The government wants to start the services of the proposed Ahmedabad-Mumbai High Speed Rail Network, commonly known as the bullet train on August 15, 2022 to mark India's 75th year of Independence.
It will stop at 12 railway stations on the route but only for 165 seconds each. A 21-km-long tunnel will be dug between Boisar and BKC in Mumbai, of which seven km will be under water.
The railways will only require around 825 hectares of land for the project as 92 per cent of the route will be elevated, six per cent would go through tunnels and only the remaining two per cent would be on the ground.
Rail Minister Piyush Goyal, who was present at the event today, said it was an experience in a train that led to changes in Mahatama Gandhi's life and now it was a train that bound India and Japan in friendship and goodwill.
Goyal had earlier said that the fare of the high-speed bullet train would be "affordable for all".
Initially, the train would have 10 coaches with a total seating capacity of 750 passengers. Later, it is proposed to have 16 coaches with a seating capacity of 1,250 passengers.
In the initial days, around 1.6 crore people are expected to travel by the train annually, adding that by 2050, around 1.6 lakh commuters would be travelling by the high-speed train on a daily basis.
The train would require a cleaning time of four hours, after running for 20 hours.
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