New Delhi: India on Saturday signed an agreement with Japan for introduction of a bullet train between Ahmedabad and Mumbai.
Describing it as an engine of economic growth, Prime Minister Narendra Modi said the bullet train combines speed with safety on “very easy” terms.
“An engine for economic transformation: High Speed Rail on Mumbai-Ahmedabad sector through Japan’s Shinkansen,” external affairs ministry spokesperson Vikas Swarup tweeted.
A joint feasibility study for the project was jointly conducted by the Indian Railways and Japan International Cooperation Agency in July this year. The cost of the 505 km corridor is estimated at just under Rs.100,000 crore ($15 billion).