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Japan offers soft loan for India's US$15b high-speed train

Friday, October 23, 2015 - 05:50
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A rail official said there were questions if the huge outlay required for the high-speed rail should be spent in modernising the railway system. The average speed of trains today is 54 kmph, and experts say the priority must be to improve the speed and safety of existing trains.

New Delhi

JAPAN has offered to finance India's first bullet train, estimated to cost US$15 billion, at an interest rate of less than one per cent, officials said, stealing a march on China, which is bidding for other projects on the world's fourth-largest network.

Tokyo was picked

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