Live
- Formula 1: Russell pips Sainz to take pole in Las Vegas GP
- People voted for ideology, rejected dynasty: Sudhanshu Trivedi on Maha victory
- AP, Telangana to receive rains for next three days as low pressure to turn depression
- Kailash Gahlot inducted into BJP’s Delhi election panel
- With state elections over, Indian stock market heads for stability
- Mahayuti's Ladki Bahin Brahmastra demolishes MVA in Maharashtra
- Actor and Youth Ambassador Darasing Khurana Highlights Mental Health Issues with Singapore PM
- Heavy FII selling in India to taper off soon, say market watchers
- Esports Mania Grips India: What are the Trends Fueling this Growth?
- AI-Powered CRM: Shaping the Future of Customer Relationship Management
First bullet train in India by 2023
So far, the expenditure of Rs 3226.8 crore has been incurred on the project up to June 2019
Mumbai-Ahmedabad High-Speed Rail also known as the Bullet Train Project, has been sanctioned with a target to be completed by 2023, the Rajya Sabha was informed on Friday.
In a written reply to Dr Vikas Mahatme, Railway Minister Piyush Goyal said that the MAHSR project of 508-kilometre length has been sanctioned by the Government.
"This project is being executed by a special purpose vehicle namely National High-Speed Rail Corporation Limited, with the financial and technical assistance from the Government of Japan. The total estimated cost of the project is Rs 1,08,000 crore," he said.
So far, the expenditure of Rs 3226.8 crore has been incurred on the project up to June 2019, he said in his statement.Responding to when will the Government expand the bullet train network all over the country, the Minister of Railways informed: "Bullet Train or High-Speed Rail Projects are highly capital and technology-intensive, and therefore, their proposals for other sections are subject to technical feasibility, financial and economic viability and availability of funding".
