India’s first bullet train corridor may be world’s cheapest high-speed service

The corridor is expected to have around 10 stations, and is supposed to cost Rs 98,000 crore.

Written by Avishek G Dastidar | New Delhi | Updated: June 4, 2015 9:20 am
bullet train, Mumbai-Ahmedabad bullet train, India first bullet train, bullet train fare, bullet train charges, india news, nation news By keeping the fares low, the bullet train will be able to steer clear of a fare war with airlines, while also retaining the existing business of higher-class railway travel.

India’s first bullet train corridor, between Mumbai and Ahmedabad, could turn out to be the cheapest high-speed train service in the world.

The Japanese team working on its feasibility study has worked out its “fare box revenue” model, according to which the bullet train fare will be just one-and-a-half times more than the AC-I fares of other trains on the same route.

According to this model, the Mumbai-Ahmedabad bullet train fare works out to about Rs 2,800, calculated on the basis of the current AC-I train fare of Rs 1,895. Currently, trains on this route take about eight hours for the 534-km journey. The bullet train is expected to take less than two hours.

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Japan’s Tohoku Shinkansen (Hayabusa trains) charges about Rs 8,000 for a 713-km ride on the Tokyo-Shin-Aomori sector. A second class ticket on China’s Jinghu High Speed Railway for the Beijing-Shanghai route costs over Rs 5,000.

In India, initial estimates a few years ago had pegged the fare for this corridor to be in the same range. Officials, however, said the latest study of the possible fare model gives a more realistic picture.

The report is likely to be submitted to the Railways Ministry in July. The Japanese team carried out a survey of people travelling on the proposed corridor, asking them how much they would like to pay for a bullet train service with a speed of about 320 kmph. Apart from the complex mathematics of the fare box revenue model, the feedback obtained from the people was also factored in while calculating the likely fare, said sources.

As per the team’s estimates, about 40,000 people are going to use the corridor every day by 2023 — when the bullet train service is expected to begin. The AC-1 fares for this sector in 2023 would serve as the reference for the bullet train fares.

The study found that pricing the tickets any higher would make the flights a more attractive option, and any lower would not support the maximum revenue generation. By keeping the fares low, the bullet train will be able to steer clear of a fare war with airlines, while also retaining the existing business of higher-class railway travel.

The corridor is expected to have around 10 stations, and is supposed to cost Rs 98,000 crore, after factoring in inflation and taxes. Work on the corridor is expected to be completed about eight years after it is commissioned.

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  1. C
    Chandrashekhar Acharya
    Apr 21, 2016 at 4:25 am
    iS THIS PROJECT FOR PEOPLE ? OR FOR COMMISSION THE POLITICIANS and BUREAUCRATS WILL GET?
    Reply
    1. K
      kumar
      Jun 26, 2017 at 6:05 pm
      Ok lets take your argument at its face value. even if its so we the people will get the tangible fast transportation isn't that great
      Reply
    2. H
      Hans Pond
      Aug 7, 2016 at 5:33 pm
      The distance between Beijing-Shanghai is 1300 km, 2.6 times longer. So in reality the fare per km will be 40% higher than China.
      Reply
      1. D
        Dharmendra
        Jul 30, 2015 at 8:28 am
        98000 crore ki lagat h ess project m... Agr ye sare rupey dam banane.... Bade naale bnaane.. . M use kiye hote to aaj India paani m duba huaa nhi hota.. ... Kher India is the best..... Bade logo ko bullet train mubark Orr chotte logo ko barish ka ye paani jo gharo m.... Bin bulaye mehman ki trh aa gya h.... Vo mubark....... Happy maansun.... . ...
        Reply
      2. U
        Uttam Kumar
        Jul 9, 2015 at 5:49 pm
        India's wonderful dream
        Reply
        1. A
          Amit
          Jun 4, 2015 at 9:03 am
          We dont have meagre sums for railway unmanned crossings and 98000 crores spent for single corridor.. Safety shd come first
          Reply
          1. K
            kabir
            Jun 4, 2015 at 8:03 pm
            The comment down below shows the socialistic crab mentality that is the greatest gift of 57 years of Congress rule... it seems nobody wants to prosper, and still we want to express surprise when brain drain take place. When Mmodi said everyone was ashamed to be Indian, its specifically this mentality he was referring to... Congress supporters just one thing you explain - in last 57 years, in what socialist work did Congress spend its all so-called saved money? India, according to your own comments, is still this dump of excreta where there is a big lot of potion reeling under poverty...
            Reply
            1. A
              Amit
              Jun 4, 2015 at 4:24 pm
              jai hind
              Reply
            2. S
              Sumesh Bhaskaran
              Jun 4, 2015 at 2:06 pm
              Definitely, this will be under private sector. Then why all are worried about expenditure.
              Reply
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