Is it only me or more people here thinks that we are not ready for bullet train yet? I feel its better to modernize the existing railways than Bullet train.
Really Ahmadabad to Mumbai?? dont know if this route is feasible for that amount of investment.
If India really plans on taking Japan's help, We should take there help in improving infrastructure in North-East. North-East can be a tourism hub if infra is developed.
1. The Rs 88,000 crores is not part of the Railway budget. It is not our money that we're investing.
It is Japanese money, a 50-year loan at just 0.1% interest
starting 15 years from now. So in effect nothing is to be paid to the Japanese for the next 15 years. In 5 years time the train will be ready and thus we will be earning revenue for 10 years after that with nothing being paid to the Japanese. I think this deal is a steal!
2. The Japanese have given this loan
only for the bullet train. For improving the infrastructure in the North East as well as safety, the Railways are catering for it from the Railway budget itself.
3. The Ahmadabad to Mumbai route is one of the most congested and busiest in terms of traffic. Once commissioned, 40,000 commuters are expected to use the service everyday (4-6 HSRs running simultaneously to and fro) This will de-congest the conventional rail, road, and air traffic between Mumbai and Ahmedabad. And it would be faster than traveling by air if one counts the time taken to reach the airport, waiting at the security, flying time, collection of baggage, and finally reaching the destination from the airport. And I've not included the delays caused to flights by weather, technical faults, and so on.
4. A network of mid- and small-size enterprises will come up to support this manufacturing process and the ecosystem will eventually tap new Indian HSR requirements and export market possibilities. New production bases and townships will eventually expand along the HSR. The trickle-down effects of opening avenues for cheaper housing, logistics hubs, and industrial units along the route will benefit smaller towns and cities. The districts of Palghar in Maharashtra and Valsad in Gujarat, along with the Union Territory of Daman, will have a great shot at attracting new investments and amenities.
5. Construction activity will boost allied industries such as steel, cement and infrastructure. This will translate into additional logistics and warehousing demand. It is estimated that an additional annual cement demand of two million tonnes and steel demand of five lakh tonnes will be generated over four years by the HSR project. This will help near-term economic growth which has been sluggish in the last few quarters.
6. New temporary and permanent jobs will also be created with most of the manufacturing, from components to rolling stock, done in India. The construction phase will create opportunities for employment for about 20,000 to 30,000 people. After the commissioning of the project, there will be job openings for 4,000 for the operation and maintenance of the line. Further, some 20,000 indirect employment opportunities are expected to be generated.
So, to the naysayers I would say: It's a great idea!