Bullet train to be operational by 2028: Fadnavis
Fadnavis also said the state is looking to raise USD 50 billion from international financiers for infrastructure development in the state, and announcements for the same will be done in four months.
Mumbai, Apr 28 (PTI) The USD 15 billion Mumbai-Ahmedabad bullet train project being built in collaboration with Japan will be operational by 2028, Maharashtra Chief Minister Devendra Fadnavis said on Monday.
'By 2028, we will be able to travel in the bullet train,' Fadnavis said, conceding that neighbouring state Gujarat is ahead of Maharashtra on the project development.
Fadnavis said creating infrastructure is very important to achieve the goal of USD 1 trillion GSDP, and that USD 30 billion was invested in infrastructure creation during his first stint as the chief minister between 2014-19, and more money is being put into important projects now.
Speaking at an event on the India-Middle East Europe Economic Corridor (IMEEC) project organized by VRF here, he said the Vadhavan port will be operational in the next 3-4 years.
He said the port, being built on reclaimed land, will help reduce the cost of logistics, pointing out that the turnaround time at JNPA, India's largest container port located nearby, is higher.
The Vadhavan port will also have an adjoining airport which will be built through land reclamation on the sea, Fadnavis said, adding that many major cities in the world have such airports.
It will also have a halt for the bullet train, Fadnavis said.
The chief minister said Maharashtra is building a highway from Nashik to Vadhavan port which will ensure that 17 districts of the state get connected with the modern port.
The state is building the Shaktipeeth highway to connect Nagpur with Goa, Fadnavis said, adding that this road project passing through the backward regions will also help boost the economic growth.
He said Mumbai and Maharashtra will play an important role in the IMEEC, and assured that the state will create the facilitating ecosystem for the project to be a success.
Speaking at the same event, Sanjeev Krishan, the country chairperson of consulting firm PwC said the corridor, when combined with existing trade routes, will have a multiplier effect on the global economy. PTI AA ANU ANU
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
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