"The PM should explain the rationale behind investing approximately Rs 1 lakh crore in a single project like bullet train in a nation where millions of people die due to poverty, illness and malnutrition and defecate in open," he asked in a two-page open letter.
Strongly disapproving of the project, former rail minister Prasad charged that farmers and the poor were being ignored at the cost of the bullet train project as the Centre had reduced budgetary allocations for major sectors like agriculture, health and education.
Pointing to the US, Prasad said that "the richest country in the world doesn't have a bullet train as, in the fiercely competitive market, they get beaten down by low cost airlines".
He also spoke of the non-viability of the bullet train project on the grounds that the railways is facing a grim battle for survival due to ever-increasing operating ratio and decline in income from freight and passenger segments.
The Rs 98,000-crore project to lay India's first bullet train network between the commercial nerve centre of Mumbai and Ahmedabad was finalised earlier this month at annual summit talks between Modi and his Japanese counterpart Shinzo Abe.
The bullet train between the two cities will cut travel time on the 505-kilometre route from eight hours to around three.
Hailing the agreement for the project, Modi had said, "No less historic is our decision to introduce High Speed Rail on the Mumbai-Ahmedabad sector through Japan's Shinkansen, known for its speed, reliability and safety.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
