India’s ambitious High Speed Rail (HSR) project is now at the take-off stage, with Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe scheduled to lay the foundation stone of the 508-km long Mumbai-Ahmadabad High Speed Rail (MAHSR) on September 14 in Ahmedabad.
Once complete (scheduled in December 2023, but commencement date sought to be advanced to August 2022), the train which will have a top speed of 350 km per hour will reduce travel time between the two cities to around 2 hours from the existing 7-8 hours.
“The project will integrate the Indian Railways to the global transportation technology and will help rewrite India’s transport infrastructure narrative,” railways minister Piyush Goyal said at a press conference.
“Unfortunately, Indian railways have not graduated from the colonial-era technologies and practices in past four or five decades. Exposure to the high speed technology (popularly called the bullet trains) will enable rail engineers in India to innovate and modernize systems and practices,” Goyal said.
He emphasized that the project funding had come from the Japan International Cooperation Agency (JICA) at a low rate of interest of 0.1% per annum. “The project will also enable creation of around 15 lakh jobs,” the minister said, adding that passenger fares on the premium train were likely to be lower than the air fares between the two cities...