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Bullet train project acquires 60% land, but may fail to meet 2023 deadline

Apart from land acquisition, another major cause for concern before the project is cost escalation owing to a fall in the rupee against the Japanese yen.

Topics
Mumbai-Ahmedabad Bullet Train | bullet trains | Lockdown

Shine Jacob  |  New Delhi 



bullet train
The estimated total cost of the Mumbai-Ahmedabad project is Rs 1.08 trillion, of which 81 per cent cost is planned for funding through the loan from JICA.

Despite facing public protests and resistance from the Maharashtra government, the country’s first bullet train project between Ahmedabad and Mumbai has been able to acquire almost 60 per cent of the land required for the project. However, meeting the December 2023 deadline is still a cause for concern for Prime Minister Narendra Modi’s pet project on the back of the outbreak.

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First Published: Mon, July 13 2020. 20:19 IST

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