HomeBusinessBullet Train Project Has Entailed Rs 14,153 Crore Till Date, Set To...

Bullet Train Project Has Entailed Rs 14,153 Crore Till Date, Set To Miss 2023 Deadline

Bullet Train Project Has Entailed Rs 14,153 Crore Till Date, Set To Miss 2023 Deadline

The Mumbai-Ahmedabad bullet practice mission has been hit by pandemic and delay in land acquisition

The bold Mumbai-Ahmedabad bullet practice mission has until date incurred a cumulative expenditure of Rs 14,153 crore, but it could not have the ability to meet its authentic deadline of completion which is scheduled for December 2023.

According to extremely positioned sources, delay in land acquisition and the antagonistic influence of the Coronavirus pandemic has led to the delay within the mission, which had begun in September 2017 when each Prime Minister Narendra Modi and Japanese Prime Minister Shinzo Abe had laid its basis stone. 

Despite the delay, the mission has been allotted Rs 14,000 crore for the present monetary 12 months within the Union Budget and the expenditure incurred throughout 2021-22 until date has been Rs 2,090 crore, in line with Railway Ministry information.

Apart from the pandemic, the principle cause behind the delay within the NDA authorities’s pet mission has been sluggish tempo of land acquisition, particularly in Maharashtra. According to the National High Speed Rail Corporation of India, the implementing company of the mission, out of the whole 432 hectares to be acquired in Maharashtra, solely 101 hectares of land has been acquired until February 2021.

Even the Prime Minister throughout a evaluate assembly of the mission held in November 2020, had directed Maharashtra chief secretary to make sure that the state authorities palms over the land required in suburban areas of Mumbai particularly in Thane and Vikhroli “urgently and balance land by April 30, 2021”.

However until date these specific tracts of land and the steadiness land is but to be acquired.

“The state government of Maharashtra is being regularly followed up at all levels to expedite the acquisition of balance land. The revised timeline for completion of the project can be fixed after the acquisition of complete land in Maharashtra,” Railway Ashwini Vaishnaw had mentioned in Lok Sabha in response to a query on the mission on August 4, 2021.

Unlike Maharashtra, in Gujarat, 94 per cent of the land has been acquired for the bullet practice mission.

The Mumbai-Ahmedabad bullet practice is being funded with mortgage from the Japan International Cooperation Agency (JICA). The complete mission price is Rs 1.1 lakh crore.

Once prepared for passenger providers, the nation’s first bullet practice will function at a velocity of 320 km per hour and canopy the space between Mumbai and Ahmedabad in roughly three hours.

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