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Railways To Start Construction Work Of Rs 98,000 Crore Project In 2017

Industry Transportation Services

National High Speed Rail Corporation Limited, a SPV to implement the Mumbai-Ahmedabad high speed bullet train project, is to start work on the project in 2017. Estimated project cost is 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. 

Extracted from ET, Apr 18,’16

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