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Bullet trains will boost employment, help India to export it: Railways Minister

Bullet trains will boost employment, help India to export it: Railways Minister”

Railway Minister Piyush Goyal said the fare of the high-speed bullet train would be "affordable for all".

Officials said working out the fare details was premature at this stage, but added that the bullet train would have two categories of seats - executive and economy - with the prices comparable with the base AC 2-tier fare of the Rajdhani Express. "I am glad to state here that this is also a cost-effective project".

The official, who in-charge of the bullet train project, said that while the deadline to launch the train will remain 2023, the railways is focused to start it keeping in view the Independence Day celebrations in 2022.

"This is an occasion to celebrate the advent of the most modern technology in India. So, we have to be competitive", said Goyal. During the visit, Prime Minister Abe will also hold bilateral talks with Prime Minister Modi and is expected to serve as the "top salesman" for the adoption of the Shinkansen technology by other Indian railway systems, with China also aiming to win orders for the projects, the Japan Times had reported, earlier in August.

The 508-km Mumbai-Ahmedabad High Speed Rail Project will entail an estimated cost of Rs 1,10,000 crore. The interest on this loan is minimal at 0.1 per cent and it is to be repaid in 50 years, with a grace period of 15 years. Over two-third of the project will be in Gujarat and rest in Maharashtra.

Sushant Mishra, Infra Advisor to the Indian Railways, told IANS that Japan was awarded the contract because there had been no accident on its bullet train networks.

Talking about the future of trains (Bullet train), he said that it will boost country's employment.

He also mentioned about Japan's technology to prevent any mishap in railways.

"About 825 hectares of land would be acquired for the high speed rail", he said.

The distance of 508 km will be covered in two hours and seven minutes by the bullet train if it stops at four stations namely Ahmedabad, Vadodara, Surat and Mumbai.

The bullet train will run at an average speed of 320 km per hour with a maximum speed of 350 km per hour.



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