India and Japan has launched work on a high-speed train line in the western Indian state of Gujarat on Thursday during a visit by Japanese Prime Minister Shinzo Abe.
The 500-kilometre (310-mile) project will be financed by a Japanese credit of $17 billion and is expected to be completed by 2022. The loan carries a nominal interest rate of 0.1 per cent to be paid over the next 50 years.
The two Prime Ministers laid the foundation stone for an institute that will be set up in Gujarat’s Vadodara city to train around 4,000 people to run the high-speed train system.
The bullet train will link Ahmadabad,one of the commercial cities to India’s financial capital of Mumbai.