Bullet Train contracts to prefer Indian firms
RAILWAYS & METRO RAIL

Bullet Train contracts to prefer Indian firms

VK Yadav, Chairman and CEO of the Railway Board, declared on Friday that domestic companies would take 72% of the Mumbai-Ahmedabad bullet train project contracts.

Indian contractors will perform most of the high-value technical work such as building bridges and tunnels. The Indian component of the work will include all civil engineering work, including bridges, under-sea tunnel related contracts. Japanese companies will be relegated to handling work related to signalling, telecommunications, initial rolling stock and electrical work, Yadav said at a webinar held by the Associated Chambers of Commerce of India (ASSOCHAM).

A loan of Rs 88,000 crore will be provided by the Japan International Cooperation Agency (JICA), as part financing of the approximately Rs 1.10 lakh crore for the much-hyped 508 km long high-speed rail corridor project.

Yadav said that the push for domestic award is a part fulfilment of the government’s objective of the Aatmanirbhar Bharat mission. The Chairman acknowledged a standing issue with the Mumbai-Ahmedabad Bullet Train corridor, land acquisition, and confirmed that the project is being deferred from the expected date. Ninety per cent of the land in Gujarat has already been obtained, and the remaining 10 per cent will be available by 31 December.

VK Yadav, Chairman and CEO of the Railway Board, declared on Friday that domestic companies would take 72% of the Mumbai-Ahmedabad bullet train project contracts. Indian contractors will perform most of the high-value technical work such as building bridges and tunnels. The Indian component of the work will include all civil engineering work, including bridges, under-sea tunnel related contracts. Japanese companies will be relegated to handling work related to signalling, telecommunications, initial rolling stock and electrical work, Yadav said at a webinar held by the Associated Chambers of Commerce of India (ASSOCHAM). A loan of Rs 88,000 crore will be provided by the Japan International Cooperation Agency (JICA), as part financing of the approximately Rs 1.10 lakh crore for the much-hyped 508 km long high-speed rail corridor project. Yadav said that the push for domestic award is a part fulfilment of the government’s objective of the Aatmanirbhar Bharat mission. The Chairman acknowledged a standing issue with the Mumbai-Ahmedabad Bullet Train corridor, land acquisition, and confirmed that the project is being deferred from the expected date. Ninety per cent of the land in Gujarat has already been obtained, and the remaining 10 per cent will be available by 31 December.

Next Story
Infrastructure Urban

Patel Engineering Secures Two Projects Worth Rs 20.37 Billion

Patel Engineering Ltd has secured two important infrastructure projects valued at Rs 20.37 billion. The company received an order from the City and Industrial Development Corporation of Maharashtra Ltd (CIDCO) for dam construction and associated works in Maharashtra. The project will be executed over a period of 42 months. Another project, awarded by the North Eastern Electric Power Corporation Ltd (NEEPCO), involves the development of a 240 MW hydropower project in Arunachal Pradesh. The project scope includes civil construction, testing, commissioning, and installation of hydro-mechanical e..

Next Story
Infrastructure Urban

M B Patil Seeks Centre’s Support For Karnataka’s Industrial Growth

Karnataka’s Minister for Large and Medium Industries M B Patil has urged the central government to support the state in strengthening freight corridors and logistic infrastructure. He was speaking at a round table on ‘Focussing on the Steel Sector in the State of Karnataka’ during the 6th edition of India Steel-25, an International Conference-cum-Exhibition organised by the Ministry of Steel. Patil highlighted Karnataka’s contribution of 15 per cent to India’s steel production and the efforts by the state government to promote cluster-based development, integrated industrial corrido..

Next Story
Infrastructure Energy

EdgePoint Towers Launches First Solar Hybrid Telecommunications Site

EdgePoint Towers Sdn Bhd, part of EdgePoint Infrastructure, has launched its first solar hybrid site in Malaysia, advancing renewable energy integration in the telecommunications sector. The deployment marks a major step towards sustainable energy solutions, providing up to 100 per cent of the energy required to operate telecommunications equipment. The site, with a 5.9-kilowatt peak (kWp) capacity, operates autonomously using photovoltaic energy supported by battery storage. This hybrid system significantly reduces dependence on diesel fuel, aiming to cut annual carbon emissions by around 78..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?