Rs.100 crores per km for bullet train

Rs.100 crores per km for bullet train

By: || Updated: 01 Jan 1970 12:00 AM
New Delhi: Despite all the hysteria around PM Narendra Modi's much highlighted election promise and understandings reached with Japan & China over bullet trains, a report submitted to Assurances Committee by Railway Ministry on line laying for Ahmedabad-Pune-Mumbai 650 kilometre route will leave you with a rude shock.

 

ABP News has learnt from reliable and informed sources that the feasibility report prepared by the Railway Ministry, as submitted before the Assurances Committee, clearly states that line laying only for the Ahmedabad-Pune-Mumbai route would cost a whopping Rs. 49076 crores.

 

On an average the cost for the bullet train will come to about Rs.100 crores per kilometre.

 

The report also mentions that Internal Rate of Return (IRR) would be around 11.42%.

 

The Assurances Committee Wednesday started deliberating on this feasibility report.

 

ABP News has learnt from sources that members of the committee, more specifically those from the opposition parties, are now preparing to take on Modi Government over this.

 

The main question being raised is where will the Modi government bring the finances for it from, or will it only remain an election rhetoric.

 

Prime Minister Modi had included bullet trains as one of the important development agendas in his election campaign for Lok Sabha.

 

After assuming office he even entered into an agreement for the same with Japan during his visit to the country. Not only this, even China had offered to help India realize this dream, but with such a humongous amount of capital required, the promise of bullet trains seems very difficult, if not impossible.

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