Bullet Train – Does India really need a High Speed Train
On the day of 14th September the new chapter was written in Indian transportation history in form of Bullet Train on the bank of Sabarmati, Indian Prime Minister Narendra Modi & his Japanese counterpart Shinzo Abe was laying the foundation of Mumbai – Ahmedabad high speed rail (MAHSR) .
Here is the some reasons to mentioned about the transformational spring in India’s transportation journey.
- Fascinating low cost long term financing as a part of agreement between India and Japan, the government of Japan contributing a soft loan of about Rs. 88,000 crore at a 0.1% over a period of 50 years The payback of loan is to start after 15 years of getting the loan.
- Inviting advanced elements manufacture & construction one of the stated Objective of plan is to encourage ‘Make In India’. Which is being performed even earlier the authorize to the project.
According to the agreement between bilateral countries the MAHSR project has ‘Local based manufacturing’ & ‘Transfer of Technology.
- A devoted high speed rail training Institute is being set up at Vadodara. this Institute will be activated by the end of 2020 & have capacity to trained about 4000 people in upcoming three years and will be given permanent employment under the project of operation and maintenance. And they will also perform a vital role for the development of other fast speed rail projects in the country.
- State-of-Art Technology India getting modern technology in entirety. The Japanese Shinkansen Technology is distinguished for its trustworthiness, safety and promptness. the delay record of Shinkansen train is lesser than a minute with zero mishap.
So, finally we should be cautious not to worry about drastically changing modern technology, whether it is mobile, space technology, regional interconnection by air, or high speed rail corridor.