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The Japan Overseas Cooperation Agency (JICA) has produced soft loan dedication of Rs 1.10 lakh crore to perform the task. File photo

Even while Maharashtra Chief Minister Uddhav Thackeray has questioned the high expenses and feasibility regarding the bullet train task, this has now emerged that the Union federal government has allotted Rs 5,600 crore when it comes to committed task for financial 2020-21.

Prime Minister Narendra Modi really wants to finish the task connecting the country’s economic money Mumbai with Gujarat’s biggest city Ahmedabad by 2022, to mark the 75th year of Independence.

Sources within the nationwide High-Speed Rail Corporation stated a provision of Rs 5,600 crore happens to be designed for the 500-km train task, modelled in the lines of Japan’s bullet train that is famous.

In addition to the Centre’s share, there’s also a proceed to get Rs 5,000 crore from Maharashtra and Gujarat, which possess a 4th of equity in the task, by means of additional budgetary resources (EBR), the Railway’s ‘Pink Book’ that is western said.

It could be noted that in FY20, the 2 states collectively contributed Rs 1,000 crore in EBR to the task.

The Japan Overseas Cooperation Agency (JICA) has produced loan that is soft of Rs 1.10 lakh crore to perform the task.

The Union government-controlled Indian Railways has a 50 percent equity stake within the task.

Inside her Budget speech final Saturday, Union Finance Minister Nirmala Sitharaman highlighted that the high-speed train between Mumbai and Ahmedabad could be “actively pursued”. (mehr …)