The ₹1.10 lakh crore bullet train project between the two cities will kick-start with the foundation stone being laid by PM Modi and the Japanese PM Shinzo Abe on Sept 14. Japan’s Shinkansen bullet train is one of the speediest in the world and the country is recognised as a pioneer in developing them.
In a bid to fulfil one of his election promises, PM Modi is aiming to modernise India’s antiquated railway system. The British era rail network is the 4th largest in the world (by distance) and is the main form of travel by its 2.2 crore passengers. Only a few trains accomplish a speed of 100 mph, and most are hit by repeated delays.
The project is expected to be completed by 2022 and the train will accomplish the 508km long journey in about 3 hours at a speed of 350 km/hour. The stopover at each of the 12 stations on the route will be for exactly 165 seconds. The 21km long distance between Boisar and BKC in Mumbai will be traversed by a tunnel of which 7 km will be under water.
Japan is reportedly extending 81% of the cost as debt for 50 years at an interest rate of 0.1% and repayment will start 15 years after the start of operations.