Project cost Rs 1.08 lakh croreProject DescriptionConstruction of bullet train corridor between Mumbai and Ahmedabad. The bullet train will link Ahmadabad the main commercial city in Indian prime minister Narendra Modis native state to Indias financial capital of Mumbai. The 500km project will be financed by Japanese credit of 17bn and is expected to be completed by 2022. Japan initially offered a loan of 15bn in 2015 when the project was still out for tender although increased budget estimations presumably forced the country to increase their offer. The loan carries a nominal interest of 0.1 per cent to be paid over the next 50 years and represents an attempt by Japan to fight against Chinas aggressive approach to tendering in large infrastructure development in South Asia. Analysts say building the high-speed train will give a boost to infrastructure development in Indias fast-growing western industrial region contribute to economic growth and decongest crowded cities. The two countries will also announce progress on an Asia-Africa growth initiative to pool Indian and Japanese efforts to strengthen infrastructure in African countries.Defence technology and cooperation in manufacture of military hardware including a possible breakthrough on the US-2 amphibious aircraft and technology cooperation on making unmanned ground vehicles and robots will also figure in Thursdays talks. The two leaders are also likely to consider progress in a civilian nuclear cooperation agreement between India and Japan which was ratified and came into force in July. The countries are almost polar opposites. Indias chaotic cities and its youthful population contrast starkly with Japans orderly society immaculate streets and mature economy. But those differences complement each other and Abe and Modi repeatedly have emphasized shared interests and values.On April 2018 Prime Minister Narendra Modi has accorded in-principle approval for diversion of 77 ha of forest land for developing the upcoming bullet train project. The bullet train project is worth Rs 1.08 lakh crore and will run between Mumbai and Ahmedabad. The approval has been accorded with a clause that the remaining deficiencies on pending claims under the Forest Rights Act 2006 in proposals submitted by Gujarat and Maharashtra must be settled at the earliest. Also the two states have been asked to coordinate closely with the National High Speed Rail Corporation NHSRCL to speed up the project. The Maharashtra government on 7 February 2018 and Gujarat government on 20 April 2018 had put an application for clearance of the 77.45 ha spread over 42 villages in the two states.In May it emerged that Japanese firm Hitachi would construct 65 new trains using bullet train technology for use on the East Coast main line in the UK. Zetwerk will supply 10000 MT fabricated girders which will support the load-bearing capacity of the steel bridges that LT is fabricating for laying the b
π Key Information
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Tender Reference No.
25337568
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Publication Date
13 Aug 2022
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Estimated Value
USD 14000000000
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Sector
Railways
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Deadline
31 Oct 2028
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Notice Type
Projects
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Location
India
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Contract Duration
6 Years 2 Months 18 Days
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Documents & Downloads
No documents found
π·οΈ CPV
No CPV found
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