CURRENT AFFAIRS

Detailed explanation-1: -The project was sanctioned in December 2015 at an estimated cost of Rs 108, 000 crore with 80 per cent Japanese funding as an easy loan. Regarding the India-Japan partnership on the project, Prasad told ANI, “The Japan Shinkansen train has a track record of safety.

Detailed explanation-2: -New Delhi, India (Urban Transport News): The Bullet Train Stations for the Mumbai-Ahmedabad High Speed Rail Corridor will be developed by Indian experts with assistance from the Japan International Cooperation Agency (JICA) to improve commuter accessibility and stimulate the local economy.

Detailed explanation-3: -This Japan-India collaboration will ensure Transfer of Technology from Japan’s High Speed Rail system to India, and also give a boost to “Make in India” initiative.” JICA has been supporting the project for the Mumbai - Ahmedabad High-Speed Rail by providing ODA loans.

Detailed explanation-4: -Construction of the Mumbai–Ahmedabad high-speed rail corridor, India’s first high-speed rail corridor, was initiated in 2017 and is expected to be completed by 2028.