Saturday 19 December 2015

Bullet Train

The 500-kilometre-long railway line would be built within a period of seven years, much before the repayment of the loan starts at an incredibly low interest rate of 0.1 per cent over a period of 50 years. The agreement provides India not just over 80 per cent of the total project cost, but also technical assistance to build domestic capacity to manufacture coaches and tracks before making them operational.

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