INDIA
Is Mumbai-Ahmedabad bullet train viable? Over 40% seats go vacant
01 Nov 2017
How viable is the Mumbai-Ahmedabad bullet train?
In September, India kickstarted its journey towards the launch of its first bullet train. For the project, India got a soft loan of Rs. 88,000cr from Japan.
But was it actually worth it?
The Railways has now revealed over 40% of the total train seats on the same route go vacant, leading to losses worth crores.
How viable is the project, actually?
In context: How viable is the Mumbai-Ahmedabad bullet train?
01 Nov 2017
Is Mumbai-Ahmedabad bullet train viable? Over 40% seats go vacant
Project
First off, was India ready for a bullet train anyway?
The Japan International Cooperation Agency (JICA) subjected the proposal to two questions: will it garner at least 1cr end-to-end passengers, as research says it has to for being successful? JICA estimated 1.46cr passengers in Year 1.
Secondly, will the total financial inflow exceed total outflow? These were estimated at Rs. 4,857cr and Rs. 3,074cr respectively for the first year, a surplus of Rs. 1,783cr.
Congratulations @avinash.updates! You have received a personal award!
Click on the badge to view your Board of Honor.
Do not miss the last post from @steemitboard:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @avinash.updates! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit