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    Home»Featured»Mumbai-Ahmedabad bullet train project may be delayed by five years
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    Mumbai-Ahmedabad bullet train project may be delayed by five years

    Finance KhabarBy Finance KhabarSeptember 5, 2020No Comments1 Min Read
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    New Delhi: India’s first bullet train project is set to be delayed by around five years, stuck as it is on multiple fronts – from low participation by Japanese companies to tenders being cancelled because of steep rates quoted by bidders.

    The Mumbai-Ahmedabad bullet train project may be delayed by five years. The project, considered to be very close to PM Narendra Modi’s heart due to reasons like low share of Japanese companies, tenders canceled due to inappropriate rate of bidders for auction, delayed land acquisition, underground project including corona epidemic Can be fulfilled by

    According to the report of an English newspaper, the railway is now assuming that this project can now be completed by October 2028. It was to be completed by December of 2023 as per earlier schedule.

    According to the report, the National High Speed ​​Rail Corporation has acquired 63 percent of the land for the project which includes about 77 percent of the land in Gujarat, 80 percent in Dadar Nagar Haveli and 22 percent in Maharashtra.

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