Centre to invest in 7 new bullet train corridors
RAILWAYS & METRO RAIL

Centre to invest in 7 new bullet train corridors

Image courtesy: The Financial Express


The Centre is planning to invest Rs 10 trillion in seven new bullet train projects. This decision comes even though there has been a delay in the execution of the Mumbai – Ahmedabad corridor by few years due to COVID-19 and lockdown.


The new corridors will be connecting Delhi-Varanasi (865 km), Delhi-Ahmedabad (886 km), Delhi-Amritsar (459 km), Chennai-Mysore (435 km), Mumbai-Hyderabad (711 km) Mumbai-Nagpur (753 km) and Varanasi-Howrah (760 km). These projects will span over a distance of 4,869 km with per km cost of Rs 2.13 billion.


Reportedly the government has asked National High-Speed Rail Corporation (NHSRCL) for detailed project reports (DRPs) of the seven new corridors.


The foundation stone of 508 km long Mumbai-Ahmedabad speed rail corridor was laid on September 14, 2017, by Prime Minister Narendra Modi and Prime Minister of Japan Shinzo Abe. The project is being built using Japanese Shinkansen technology and it costs $ 17 billion. The train will run at a speed of 300 km per hour and is expected to reduce the travel time by two hours.


This ambitious project was scheduled to be completed by December 2023 but it failed to meet the deadline. This delay is an aftermath of COVID-19 and lockdown and the difficulty caused in issuing tenders and land acquisition.


It is important to note that not all the projects will be developed using the Japanese Shinkansen technology. And, the cost of the new projects might differ from the cost of Mumbai – Ahmedabad corridor. The cost will be determined only after the DPR is prepared, as a lot of factors like terrains and route length are a need to be taken into consideration.


Reportedly NHSRC has already acquired 63 percent of the land required for the new project – which includes 22 percent in Maharashtra, 80 percent in Dadar and Nagar Haveli and 77 percent in Gujarat, and land acquisition issues in places like Navsari in Gujarat and Palghar in Maharashtra are yet to be figured out.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Image courtesy: The Financial ExpressThe Centre is planning to invest Rs 10 trillion in seven new bullet train projects. This decision comes even though there has been a delay in the execution of the Mumbai – Ahmedabad corridor by few years due to COVID-19 and lockdown.The new corridors will be connecting Delhi-Varanasi (865 km), Delhi-Ahmedabad (886 km), Delhi-Amritsar (459 km), Chennai-Mysore (435 km), Mumbai-Hyderabad (711 km) Mumbai-Nagpur (753 km) and Varanasi-Howrah (760 km). These projects will span over a distance of 4,869 km with per km cost of Rs 2.13 billion.Reportedly the government has asked National High-Speed Rail Corporation (NHSRCL) for detailed project reports (DRPs) of the seven new corridors.The foundation stone of 508 km long Mumbai-Ahmedabad speed rail corridor was laid on September 14, 2017, by Prime Minister Narendra Modi and Prime Minister of Japan Shinzo Abe. The project is being built using Japanese Shinkansen technology and it costs $ 17 billion. The train will run at a speed of 300 km per hour and is expected to reduce the travel time by two hours.This ambitious project was scheduled to be completed by December 2023 but it failed to meet the deadline. This delay is an aftermath of COVID-19 and lockdown and the difficulty caused in issuing tenders and land acquisition.It is important to note that not all the projects will be developed using the Japanese Shinkansen technology. And, the cost of the new projects might differ from the cost of Mumbai – Ahmedabad corridor. The cost will be determined only after the DPR is prepared, as a lot of factors like terrains and route length are a need to be taken into consideration.Reportedly NHSRC has already acquired 63 percent of the land required for the new project – which includes 22 percent in Maharashtra, 80 percent in Dadar and Nagar Haveli and 77 percent in Gujarat, and land acquisition issues in places like Navsari in Gujarat and Palghar in Maharashtra are yet to be figured out.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement