Indian Railways announced on 14Feb 2016, Sunday that it plans to invest Rs 9,800 crore in the bullet train project along the Mumbai-Ahmedabad corridor.The high speed train is expected to run at speeds of 300-350 kmph. The project is funded by the Japan Investment Co-operation Agency (JICA) which would provide 81% of the investment as loan, at an interest rate of 0.1% for the 508 km for the Ahmedabad-Mumbai high speed corridor.
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