Japan Offers India Soft Loan for $15 billion Bullet Train
Japan has offered to finance India’s first bullet train, estimated to cost $15 billion, at an interest rate of less than 1 percent,
Japan has offered to finance India’s first bullet train, estimated to cost $15 billion, at an interest rate of less than 1 percent, 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, and concluded it would be technically and financially . Details
