December 2016 Current Affairs

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Mumbai-Ahmedabad bullet train to travel under the sea

Mumbai-Ahmedabad bullet train to travel under the sea
21 April 2016 Current Affairs: Passengers will get the thrill of riding under the sea while travelling between Mumbai and Ahmedabad in the first bullet train of the country.

  1. The 508km long Mumbai-Ahmedabad high-speed rail corridor will have a 21km long tunnel under the sea.While most part of the corridor is proposed to be on the elevated track, there will be a stretch after Thane creek towards Virar which will go under the sea as per the detailed project report by JICA.

  2. Estimated to cost about Rs 97,636 crore, 81 percent of the funding for the project, will come in the form of a loan from Japan. The project cost includes possible cost escalation, interest during construction and import duties.

  3. It is a soft loan for 50 years at 0.1 percent annual interest with 15 years’ moratorium.

  4. Rolling stock and other equipment like signalling and power system will be imported from Japan as per the loan agreement.

  5. The official said the loan agreement with Japan is slated to be signed by the end of the year and construction work is likely to begin by the end of 2018.

  6. Accordingly,top priority to the first of its kind project, railways has formed National High-Speed Rail Corporation Limited (NHSRCL), a special purpose vehicle (SPV), with a paid-up capital of Rs 500 crore.

  7. A search committee comprising senior government officials including Cabinet Secretary, Chairman Railway Board, and Secretary DOPT among others is on the job currently to select the Managing Director and five directors for the NHSRCL.

  8. Railways have already allotted Rs 200 crore for the SPV. Maharashtra and Gujarat will have equity of 25 percent each while the Railways will have 50 per cent in the SPV.

  9. At present, Duronto Express takes about seven hours to cover the distance between the two financial centres.




December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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