Announcements on bullet trains, FDI projects expected
The first rail budget of the new government is likely to have announcements related to high-speed trains, including potential sources of funding for the much-speculated ‘bullet train, project.
The budget is likely to have clear schedules and steps for increasing the speed of passenger trains, one of the promises made by both railways minister Sadananda Gowda and Prime Minister Narendra Modi.
There is also a proposal to integrate the already identified six prospective high speed corridors with the ambitious ‘diamond quadrilateral’ project which aims to connect the four leading metropolitan cities through high speed trains, say officials. The railways have identified six corridors for pre-feasibility tests.
The budget is also expected to focus on new avenues of funding such as foreign sovereign funds and agencies such as Japan International Cooperation Agency (JICA) and the World Bank. Mumbai-Ahmedabad is likely to be the first high speed rail corridor, currently the subject of feasibility studies by JICA.
For more visit: Business Standard
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