 "bullet train ahmedabad, PM Modi, Shinzo Abe Ahmedabad Visit, bullet train between Mumbai and Ahmedabad, Ahmedabad, ahmedabad mumbai bullet train project,Bullet train foundation,high-speed train,India's First Bullet Train,India-Japan relations,India-J")
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 likely to increase from the estimated Rs 1.08 trillion.
The project faced public ire over land acquisition, with the Maharashtra Navnirman Sena coming out against it.
A similar concern was there in Gujarat with Congress Member of Parliament Ahmed Patel talking in public against the process of land acquisition. Following this, there were reports that the Japanese government too was unhappy with the progress of the project.
“We are confident of meeting the 2022 deadline and are set to invite tenders by the end of this month,” said Achal Khare, managing director, NHSRCL.
So far the two countries have signed a loan agreement for only Rs 6 billion and a JICA appraisal mission is set to visit India in July.
“We are in the process of submitting an environment impact assessment and social impact assessment reports because they have to be submitted to the JICA. The loan agreement for Rs 880 billion will be signed after the evaluation by the JICA appraisal mission,” Khare added.
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 likely to increase from the estimated Rs 1.08 trillion.
The project faced public ire over land acquisition, with the Maharashtra Navnirman Sena coming out against it.
A similar concern was there in Gujarat with Congress Member of Parliament Ahmed Patel talking in public against the process of land acquisition. Following this, there were reports that the Japanese government too was unhappy with the progress of the project.
“We are confident of meeting the 2022 deadline and are set to invite tenders by the end of this month,” said Achal Khare, managing director, NHSRCL.
So far the two countries have signed a loan agreement for only Rs 6 billion and a JICA appraisal mission is set to visit India in July.
“We are in the process of submitting an environment impact assessment and social impact assessment reports because they have to be submitted to the JICA. The loan agreement for Rs 880 billion will be signed after the evaluation by the JICA appraisal mission,” Khare added.
