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Seventy-two percent contracts of Bullet Train project to be awarded to Indian firms

Monday, 30 Nov 2020
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As much as 72 percent of contracts of Mumbai-Ahmedabad High Speed Rail (MAHSR) Corridor project will be undertaken by Indian firms as part of the Railways' efforts to boost Aatmanirbhar Bharat. 
Most of the high value technical work like laying of bridges and tunnels will be handled by domestic contractors, while Japanese firms will handle works related to signalling, telecom and rolling stock. 
Of the estimated cost of Rs 1.10 lakh crore for the 508 km long High-Speed Rail Corridor (Bullet Train project), Rs 88,000 crore will be given to India as loan by the Japan International Cooperation Agency (JICA). 
After a detailed discussion with the Japanese government, the Railways has made 72 percent of the entire contract value open to domestic contractors which includes all civil engineering work such as  bridges, undersea tunnel related contracts, whereas contracts for Japanese contractors would be signal and telecom, initial rolling stock and electrical works. 
In Gujarat, 90 percent land has already been acquired and the remaining 10 percent will be available by 31 December 2020. 
Moreover, the final draft of the National Rail Plan 2030 is ready and it is likely to be released in December 2020. 
Vision 2024 is part of the National Rail Plan 2030 which will be taking care of infrastructure needs which require to be developed by 2030, to take care of traffic requirements of 2050, and it includes all the projects included in the Vision 2024 document.
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