If reports by Japanese media are precise, India could soon have bullet trains, ferrying passengers from Ahmedabad to Mumbai at very high speeds. Prime Minister Narendra Modi and his Japanese counterpart, Shinzo Abe will sign the deal soon.
According to reports, Abe will convey an offer of more than USD 8.1 billion in official Japanese lending for the roughly USD 14.6 billion project to link Mumbai and Ahmedabad with 505km railway line.
If the Indian deal goes through, this will be the second successful deal for Japan to export its bullet train technology. The previous deal was with Taiwan, back in 2007. Once the technology of the bullet train arrives in India, there will be tender for contracts, and Kawasaki Heavy Industry, Hitachi, and JR East are expected to bid.
Railway line construction is supposed to begin in 2017 and finish by 2023, after which, the journey from Ahmedabad to Mumbai will be reduced to two hours. India has plans for seven such high speed train corridors starting with the Mumbai Ahmedabad route first.