BJP State And Central Govts Have Released No Money For PM Modi’s Bullet Train Project
PM Narendra Modi had announced that the first bullet train would be operational by 2022.
The progress of Prime Minister Narendra Modi’s dream project, the first bullet train between Ahmedabad and Mumbai, is reportedly facing serious hurdles for the last 10 months.
National High-Speed Rail Corporation Limited (NHSRCL), the agency building the bullet train, has been unable to acquire both land and the funds needed for the project, reported The Print.
Japan International Cooperation Agency (JICA), the Ministry of Railways and the governments of Maharashtra and Gujarat are to be funding the project, the total estimated cost of which is Rs 1,06,000 crore.
80 per cent of the cost, Rs 86,000 crore, is to be covered by JICA and so far, it has only disbursed Rs 5,500 crore. At the same time, Ministry of Railways (supposed to provide Rs 10,000 crore) and the governments of Gujarat and Maharashtra (supposed to provide Rs 5,000 crore each), have not released a single rupee towards the project.
Vinayak Chatterjee, chairman of the infrastructure firm Feedback Infra, told The Print, “This means the 2022 or even 2023 completion target will be hugely challenging.”
However, an NHSRCL told The Print, “We are still in the tender floating process, and as and when we would need money, we shall spend it on our own and we’ll get it reimbursed later.”
Besides financial issues, the project is far behind in its land acquisition schedule as well. The project has a total requirement of Rs 1,400 hectares of land, out of which, only 0.9 hectares has been acquired so far.