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Getting up to speed: Bullet train project to stick to deadline

NHSRCL set to invite tenders by end of this month

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Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe during the ground breaking ceremony for high speed rail project in Ahmedabad. Photo: PTI

Shine Jacob New Delhi
Allaying qualms about hurdles in land acquisition, the National High Speed Rail Corporation (NHSRCL) has said it is confident of completing the Mumbai-Ahmedabad bullet train project by 2022 on the occasion of the 75th year of India’s Independence.
 
The corporation is set to invite tenders by the end of this month even as a loan agreement is yet to be signed with the Japan International Cooperation Agency (JICA).
 
With the railways giving those who surrender their land an additional 25 per cent of its market value (over and above its price), the expected cost of the project is