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The Japan Global Cooperation Agency (JICA) has produced loan that is soft of Rs 1.10 lakh crore to perform the task. File picture
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 federal federal government has allotted Rs 5,600 crore when it comes to project that is ambitious 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 12 months of Independence.
Sources into the nationwide High-Speed Rail Corporation said a provision of Rs 5,600 crore is created for the 500-km train task, modelled in the lines of Japan’s famous bullet train.
In addition to the Centre’s share, there's also a go on to get Rs 5,000 crore from Maharashtra and Gujarat, which have a 4th of equity when you look at the task, by means of additional budgetary resources (EBR), the Western Railway’s ‘Pink Book’ said.
It may be noted that in FY20, the 2 states collectively contributed Rs 1,000 crore in EBR to the task.
The Japan Global Cooperation Agency (JICA) has produced soft loan dedication of Rs 1.10 lakh crore to perform the project.
The Union Indian that is government-controlled Railways a 50 percent equity stake into the task.
In her own Budget message final Saturday, Union Finance Minister Nirmala Sitharaman highlighted that the train that is high-speed Mumbai and Ahmedabad will be “actively pursued”.