Japan offers soft loan for India's US$15b high-speed train
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 to assess the feasibility of building the 505-kilometre corridor linking Mumbai with Ahmedabad, the commercial capital of Prime Minister Narendra Modi's home state. The Japanese survey concluded the project would be technically and financially viable.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Air China orders homegrown C919s in challenge to jet duopoly
Huawei’s smart car tech offers automakers route to China sales
Sri Lanka to hand management of China-built airport to India, Russia companies
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter