$ 15 b loan for Bullet trains

japan-offers-india-soft-loan-for-15-billion-bullet-train-in-edge-over-chinaBullet trains will be on the rails if the agreement between India and
Japan materializes as Japan is keen on capturing the contract while
offering a loan of $ 15 billion along with its technology. China is
also said to be in the race but India is keen on tying up with Japan
as the latter has decided to reduce the interest rate by one percent.
Proposals are there to cover Mumbai-Ahmedabad route as the bullet train will make it possible to cut the running time to two hours in place of seven hours. JICA has already passed the loan proposal to the
government. In view of smart cities coming up the need for bullet trains is stressed by the government.

Medaram Jathara

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