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'Mumbai-Ahmedabad high speed rail link in seven years'

  •   Sat, Dec 12 2015 02:06:28 PM

New Delhi, Dec 12 (IANS): Foreign Secretary S. Jaishankar on Saturday said Mumbai-Ahmedabad high speed rail project will be completed in seven years.

Japan has given a highly concessional loan with repayment period of 50 years and 15 year moratorium. It has an interest rate of 0.1 percent. The project will be executed in a joint venture of the Indian and Japanese companies, Jaishankar said in a media briefing. 

The high speed rail will be built using Japan's Shinkansen technology.

Japanese Prime Minister Shinzo Abe arrived in India on Friday on a three-day sojourn.
  

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Title: 'Mumbai-Ahmedabad high speed rail link in seven years'



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