Indian, Japanese officials to discuss bullet train project

May 16, 2016 08:06

A high-level delegation led by NITI Ayog vice chairman Arvind Panagariya will meet Japanese officials in Tokyo today to finalise key issues relating the Rs 98,000 crore Mumbai-Ahmedabad high-speed rail project.

This is the second meeting of the joint committee set up to execute the bullet train project, according to Railway ministry.

During the meeting, the committee will finalise the schedule of the project, terms related to the appointment of general consultant and procurement conditions, it said.

The flagship project is being financed by JICA, which is providing a soft loan of about Rs 79,380 crore, amounting to 81 per cent of the total project cost.

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