Replying to a question in the Rajya Sabha, the minister of state for railways said it was the daily passengers whose numbers had come down primarily on account of improved highways.
Read more from our special coverage on "RAILWAYS"
On the Mumbai-Ahmedabad project, Sinha said the Japanese government will provide approximately 81% of the project cost and the rest will be shared by governments of Maharashtra, Gujarat and the Indian Railways.
The railways will be able to bear the estimated Rs 10,000 crore in around 6-7 years, he said, adding that the per kilometre cost of the project would be around Rs 140 crore.
Several members had earlier raised questions about the viability of the bullet train project.
Sinha said the government had also identified eight corridors to raise speed of existing trains.
These are Delhi-Agra, Delhi-Chandigarh, Hyderabad- Bangalore-Chennai, Delhi-Kanpur, Nagpur-Bilaspur, Mumbai-Goa, Chennai-Hyderabad and Nagpur-Secunderabad.
The minister also said that to check fake tickets, a system of barcoding has also been introduced.
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
)