Bullet train corridor construction to begin in 2017
Indian Railways will begin construction work on the Mumbai-Ahmedabad high-speed bullet train corridor by 2017, a railway board official has said. The Japanese government is assisting on the project with a loan up to 81% of the total cost at an interest rate of 0.1% per annum. Meanwhile, high-speed Spanish Talgo trains have successfully completed the three-phase trials in India.