short paragrap SPEECH on 'bullet train in india, is it a right step'
Answers
Answer:
In September 2017, Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe laid the foundation stone of the ambitious bullet train project – connecting Mumbai with Ahmadabad.
What are Bullet Trains?
What are Bullet Trains?The Shinkansen high-speed trains of Japan are colloquially called as bullet trains for their appearance and speed.
What are Bullet Trains?The Shinkansen high-speed trains of Japan are colloquially called as bullet trains for their appearance and speed.It is a term generally used to describe a high-speed train of speeds above 250 kmph.
India’s first bullet train will run in the Mumbai and Ahmedabad high-speed rail corridor, whose construction began in September 2017.
It is a 508 km long high-speed rail corridor building with the help of Japan.
The train will run at a speed of 320kmph and is expected to be completed by 2022.
The 2009–2010 Rail Budget of India introduced the Mumbai–Ahmedabad corridor and 5 other high-speed rail corridors for a feasibility study.
Finance and Technology
Finance and TechnologyIndia currently does not have the indigenous high-speed rail technology.
Finance and TechnologyIndia currently does not have the indigenous high-speed rail technology.The technology is provided by Japan and also 81% of the project cost is financed by Japan at an interest of 0.01% for 50 yrs.
Comparison of costs
Comparison of costsAccording to an analysis done by World Bank regarding the costs of High-Speed Rail (HSR) projects in different countries, rail infrastructure accounts for 82% of the total cost.
The cost of Mumbai-Ahmedabad HSR project is nearly $27.44 million per km compared to the $17-21 million per km of China.
China is not dependant on the Shinkansen technology and although a late entrant, the HSR projects of China are cheaper than those of Japan.
In 2015, China has won a project in Indonesia against Japan for its cost competitiveness.
The loan and interest rate by Japan which seems quite tempting at the first look is not actually so. The Japanese Yen is projected to appreciate against the Indian Rupee over the period questioning the viability of the loan and the project on the whole.
What are the Pros of the project?
What are the Pros of the project?Convenience:
What are the Pros of the project?Convenience:Having an alternative mode of transport will decongest the roads.
What are the Pros of the project?Convenience:Having an alternative mode of transport will decongest the roads.Also, the speed of bullet trains will save the time and boost the businesses in large cities where time is money.
What are the Pros of the project?Convenience:Having an alternative mode of transport will decongest the roads.Also, the speed of bullet trains will save the time and boost the businesses in large cities where time is money.The interconnectedness between the towns and cities would reduce the hassle of commuting thereby helping in reducing the migration.
Safety:
Safety:Safety has been one of the major concerns of Indian Railways.
Safety:Safety has been one of the major concerns of Indian Railways.The record of bullet trains in the field of safety has been impeccable.
Safety:Safety has been one of the major concerns of Indian Railways.The record of bullet trains in the field of safety has been impeccable.The Shinkansen trains of Japan started in 1964 report no fatalities till date.
Environment-friendly:
Environment-friendly:In today’s global environmental scenario, any step which checks the pollution is welcome.
Environment-friendly:In today’s global environmental scenario, any step which checks the pollution is welcome.The emissions of CO2 per passenger km from speed rails is way less compared to that of automobiles and aeroplanes. It emits an eighth and a fifth of emissions respectively.
Economic growth:
Economic growth:It will help in the infrastructure development thereby spurring the economic growth and creating huge employment opportunities.
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