Mumbai-Ahmedabad Bullet Train Project Will Be A Real Gamechanger. Here's Why And How
A bullet train. Snapshot The project is estimated to cost around Rs 1.1 lakh crore, with the Japanese International Cooperation Agency financing 81 per cent of the project cost. The bullet train project, a first in the country, is expected to create thousands of direct and indirect employment opportunities and stimulate the economy. With the award of a Rs 24,000 crore contract — the largest ever government-funded civil job assignment — in the Mumbai-Ahmedabad bullet train corridor to the infrastructure major Larsen & Toubro, the flagship project has gained the traction in the right earnest. After the award of the contract in the presence of Satoshi Suzuki, Ambassador of Japan to India, along with officials from Railways and the National High Speed Rail Corporation (NHSRCL), the construction company has said that they have already started the work and their employees are on the ground.