First bullet train to run in India by 2023: Suresh Prabhu

The bullet train is expected to cover 508 km between Mumbai and Ahmedabad in about two hours, running at a maximum speed of 350 kmph and operating speed of 320 kmph.

By: PTI | New Delhi | Published: May 27, 2016 11:15 am
suresh prabhu, bullet train, first bullet train, railway minister, railway development, india bullet train, mumbai ahmedabad bullet train Mumbai: Railway Minister Suresh Prabhu speaking . PTI Photo by Mitesh Bhuvad(PTI5_14_2016_000061A)

Railway Minister Suresh Prabhu on Thursday said the first bullet train will run in India in 2023 heralding a new era in train operations in the subcontinent.

“In 2023, the first bullet train will run in India. We have already discussed the phases of bullet train project,” Prabhu told PTI.

The bullet train is expected to cover 508 km between Mumbai and Ahmedabad in about two hours, running at a maximum speed of 350 kmph and operating speed of 320 kmph.

Work is going on as per the schedule, he said.

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Passengers will get the thrill of riding under the sea while travelling between Mumbai and Ahmedabad on the first bullet train of the country. The 508 km long Mumbai-Ahmedabad high speed rail corridor will have a 21 km tunnel under the sea.

Estimated to cost about Rs 97,636 crore, 81 per cent of the funding for the project will come by way of the loan from Japan. The estimate includes possible cost escalation, interest during construction and import duties. It is a soft loan for 50 years at 0.1 per cent annual interest with a 15- year moratorium.

According to the detailed project report proposed by Japanese International Corporation Agency (JICA), while most part of the corridor is proposed to be on the elevated track, there will be a stretch after Thane creek towards Virar which will run under the sea.

Rolling stock and other equipment like signalling and power system will be imported from Japan as per the loan agreement. An official said the loan agreement with Japan is slated to be signed by the end of the year and construction work is likely to begin by the end of 2018.

Railways has already allotted Rs 200 crore for the Special Purpose Vehicle (SPV) in which Maharashtra and Gujarat will have equity of 25 per cent each and the Indian Railways will have 50 per cent.

Asked about other possible routes being taken up for such high-speed trains, Prabhu said studies are being conducted to link various metropolitan cities of the country.

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  1. A
    Abhinav Gour
    May 27, 2016 at 5:53 am
    ab agle Election mein bolenge hamein aur 5 Saal de do Bullet Train chalana hai
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    1. A
      Abdussubhan
      May 27, 2016 at 6:47 am
      Are Bhai, pehle national Railway and track to sahi krlo,Log bichare ( FAMILY and CHILDREN ALSO) WAITING / RAC me latak latak ke jate hain, kitni sharm ki bat hai ...
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      1. A
        Anand
        May 27, 2016 at 6:32 am
        Rs.98,000 Crores to be spent on just ONE Bullet train line between Mumbai and ahmedabad ? lt;br/gt;lt;br/gt;So even if 2 Million pengers travel between Mumbai and Ahmedabad Annually by this Bullet train and spend Rs.5,000 per ticket ,lt;br/gt;lt;br/gt;It would take close to 98-100 yrs to recover the money ?
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        1. Haresh Patel
          Oct 7, 2017 at 5:07 am
          It seems like your basic math skills are poor or you are using some wrong assumptions. Based on 70 train trips per day and 1200 passengers per day and proposed fare of 2800Rs. the maximum revenue in US $ (at the current rate of 65Rs to a dollar) comes out to be a little over 1.32 Billion dollars per year. This assumes 100 occupancy which is unlikely so assuming 76 occupancy, the revenue per year comes out to be 1 Billion dollars. The 17 billion or so cost will be paid over 50 years so the cost per year is 340 million dollars. So there will be a surplus of 660 million dollars per year. May be 100 Million will go towards cleaning, repairs and staff expense that still leaves 560 million dollars surplus which can be used for improving the other railways. There are other benefits of the bullet train. It will reduce traffic on the regular trains, make them more comfortable and perhaps reduce accidents. So the Bullet train will be paying three times it own expense from the very first year.
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          Jayesh
          May 27, 2016 at 7:51 am
          This must happen by then!!
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          1. D
            ds meena
            May 27, 2016 at 11:31 am
            Bullet train in 2023 provided you people give us (BJP)extension till 2024 . lt;br/gt;Hey Prabhu(God), RailMin Prabhu has put the condition . All the promises will be fulfilled by 2023.
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