Bullet Train Project In India : The estimated cost of the country’s first bullet train project has increased. According to the survey conducted in the year 2015, about Rs 1.08 lakh crore was estimated to be spent in running the first bullet train on the Mumbai-Ahmedabad route. This estimated cost has increased to Rs 1.60 lakh crore. However, Goods and Service Tax (GST) has not been included in this.
What was said by the Railway Minister
Railway Minister Ashwini Vaishnav, while reviewing the project, said in June that there is a delay in land acquisition in Maharashtra, due to which the cost of the project can go up. He had said this in Surat, Gujarat.
construction is expensive
According to the report, more than the estimated expenditure has been incurred in land acquisition. Let us tell you that the price of construction material like cement, steel and iron etc. has also increased significantly.
no cost information
National High Speed Rail Corporation Limited (NHSRCL) says that the new cost information for the project cannot be given yet. It will be announced only after the land acquisition work and all the contracts are completed. Let us tell you that due to the coming of Kovid-19 epidemic, the work of high-speed rail has been badly affected.
reason for delay
The initial deadline for completing this 508 km long project, which started in September 2017, was 2022. Only in Dadra and Nagar Haveli 100 percent land acquisition has been done so far. 98.9% of the land acquisition for the project has been completed in Gujarat and 73% in Maharashtra. The central government said that land acquisition is taking place in Maharashtra and this is the main reason for the delay in this project.