High Speed Rail to Connect Udupi - Kerala in 3 Hours

Discussion in 'Economy & Infrastructure' started by JAYRAM, May 16, 2012.

  1. JAYRAM

    JAYRAM 2 STRIKE CORPS Senior Member

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    Wednesday, May 16, 2012 9:00:31 AM (IST)
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    Mumbai, May 15: The ambitious high speed corridor project of Kerala government will commence next year, according to Kerala chief minister Ooman Chandy. The 1.20 Lac crore project will have 80% private funding through loans, and remaining amount will be invested by state and central government jointly, he stated.

    Chandy was in Mumbai for a road-show to showcase the forthcoming ‘Emerging Kerala 2012' global investor meet, which would be held from September 12 to 14 in Kochi.

    The first phase of the project will be completed in 2018 when Thiruvananthapuram - Cochin route for high speed rail is ready.

    Though the initial plan was to establish high speed rail project only up to Cochin - Kasargod, later it was decided to extend Mangalore and Udupi. In 2020, high speed corridor high speed project will be completed with Thiruvananthapuram - Udupi route.

    Currently 634 km Thiruvananthapuram -Udupi route is travelled by train for about 15 hours, but high speed rail will enable passengers to complete this route within three to four hours.

    Kerala High Speed Rail Corporation chief T Balakrishnan said that high speed rail facility is available in Japan and China for years, we would initially introduce 200km per hour speed rails here. He said that, in Japan high speed rails run for 350 km per hour.

    High Speed Rail to Connect Udupi - Kerala in 3 Hours
     
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  3. JAYRAM

    JAYRAM 2 STRIKE CORPS Senior Member

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    Work on Kerala high-speed rail to begin by next April: Chandy

    PTI | 10:05 PM,May 14,2012

    Mumbai, May 14 (PTI) Kerala Chief Minister Oommen Chandy today said work on the state's ambitious high speed rail corridor project, involving an investment of a whopping Rs 1.18 trillion, will begin from April next year. The first phase of the project, connecting the state capital with Kochi, will be hopefully be over by March 2018, he said. "We are hopeful of beginning construction work on this big-ticket project by April 2013 and the first phase, linking political capital Thiruvananthapuram with the commercial hub Kochi will be over by March 2018.

    This stretch will cost around Rs 40,000 crore, excluding the land cost, which comes at a big premium in the state," Chandy told reporters here. He was here to launch the roadshow to showcase the forthcoming 'Emerging Kerala 2012' global investor meet. The biennial Emerging Kerala 2012, to be held from September 12 to 14 in Kochi, seeks to review Kerala's hugely successful social development model to see how it can be leveraged to achieve sustainable economic growth. The second phase of the Rs 1.18-trillion high speed rail corridor will connect Kochi with Udupi in Karnataka and is expected to be over by March 2020, Kerala High Speed Rail Corporation chairman and managing director T Balakrishnan said.

    The project will be equally owned by the state and the Centre, Balakrishnan said, adding that the Mangalore-Udupi sector will be owned by Karnataka and the Centre. When asked about the funding, Chandy told PTI that 80 per cent of cost will be debt-funded and he is keen on getting Japanese developmental fund under the JICA (Japanese International Cooperation Agency) soft loan route. On whether he is open to parting some equity with the Japanese in the project for which Japanese technology will be used, Chandy said, "A call on that will have to be taken at the policy level. As of now, it will be a 50:50 venture between the state and the Centre."


    Work on Kerala high-speed rail to begin by next April: Chandy, IBN Live News
     

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