A Japanese consortium led by East Japan Railway Company is keen to take the contract for building a 500-km railway high speed network linking Mumbai and Ahmedabad, a statement from the Confederation of Indian Industry (CII) said.
Japan, the partner country for the 21st Indian Engineering & Technology Fair (IETF) 2015, made a presentation on the capabilities and appropriateness of its ‘Shinkansen’ bullet train technology in India.
The estimated cost of a railway linking Mumbai and Ahmedabad is between $12.2 billion and $13.9 billion, with 12 stations to be built along the route. The high speed train, which can accelerate to a speed of 320 kmph, can cover the distance in two-and-a-half hours from the present eight hours, the statement added.
The governments of India and Japan initiated a joint feasibility study in late 2013 for the project and the final report is expected to be released by mid-2015. The Japan International Cooperation Agency (JETRO) is also participating in the feasibility study, CII said.