Business1 month ago
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Revised Bullet Train Cost Doubles to Rs 2 Lakh Crore in India
The revised cost of India's bullet train project has surged to Rs 2 lakh crore, doubling the original estimate. Most funding will come from budgetary support, with Rs 1.1 lakh crore sourced from the Japan International Cooperation Agency (JICA). The Indian Railways plans to manufacture high-speed trains domestically, with each train costing between Rs 390 crore and Rs 400 crore. This significant increase raises questions about project funding and execution.
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"Looks like the bullet train is taking a detour through budget town!"
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File ID: #379588Original Source: Times Of India ↗
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