The 21 KM long tunnel track under the sea will be part of the Viral (Mumbai)-Ahmedabad 508 KM long high-speed rail corridor. Imagine a 21 KM long ride, approximately 6 minutes of intruder experience that will let you swim with the members of ocean without any fear of getting wet or sinking. Simply get yourself over the cozy seats, get a newspaper or your camera in hand, and let the time create an experience that will last until the eternity.
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.
Estimated to cost about Rs 97,636 crore, 81 per cent of the funding for the project will come by way of a loan from Japan. The project cost includes possible cost escalation, interest during construction and import duties.
It is a soft loan for 50 years at 0.1 per cent annual interest with 15 years' moratorium, said the official.
Rolling stock and other equipment like signalling and power system will be imported from Japan as per the loan agreement.
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. According 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.
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.
The bullet train is expected to cover 508 km between Mumbai and Ahmedabad in about two hours, running at a maximum speed of 350 kmph and operating speed of 320 kmph. At present, Duronto Express takes about seven hours to cover the distance between the two financial centres.