India-Japan Bullet Train Deal: Key facts you should know

Zee Media Bureau

India and Japan have signed an MoU on 12th December, 2015 on cooperation and assistance in the Mumbai – Ahmedabad High Speed Rail Project (referred by many as Bullet Train project). 

Here are the key facts of  the deal:

-Japan has offered an assistance of over Rs 79,000 crore for the project. 

-The loan is for a period of 50 years with a moratorium of 15  years, at an interest rate of 0.1 percent. 

-The project is a 508 Kilometer railway line costing a total of Rs. 97,636 crore, to be implemented in a period of seven years. 

-It has been agreed that Shinkansen Technology will be adopted for the project. 

-The cooperation of Japan will be fixed on transfer of technology and “Make in  India”. Japan will assist India in training of personnel for HSR.