Next-gen bullet train to debut in India and Japan simultaneously: Railways
The statement comes at a time when the questions are being raised over the delay in finalising the procurement deal for the E5 Shinkansen model which is supposed to run on India's ambitious Mumbai-Ahmedabad high-speed rail (MAHSR) corridor.
'The Japanese Shinkansen [system] is currently running E5 trains. Next generation trains are E10. In the spirit of strategic partnership between Japan and India, the Japanese government has agreed to introduce E10 Shinkansen trains in the Mumbai-Ahmedabad Bullet train project. It is noteworthy that E10 will be introduced simultaneously in India and Japan,' said the Ministry.
The Ministry claimed there was no delay in the project's execution and that trials would be conducted in 2026-27 as per schedule.
Meanwhile, Indian Railways' Integral Coach Factory in Chennai has awarded a tender to state-run BEML Ltd to manufacture two high-speed trainsets, with a test speed of 280 kmph, that will be somewhat similar to the Japanese bullet train.
The Ministry said the entire 508-km corridor is being developed with Shinkansen technology. Out of the total length, 465.38 km is being built on viaducts — a bridge with a series of spans that is supported by piers or towers.
On July 9, the first breakthrough was achieved in the 21-km tunnel which is being constructed between Bandra-Kurla Complex (BKC) and Shilphata in Maharashtra, marking the successful completion of a 2.7-km section of the tunnel.
Five kilometres of the tunnel are being excavated using the New Austrian Tunnelling Method (NATM) between Shilphata and Ghansoli, while the remaining 16-km will be excavated using Tunnel Boring Machines (TBMs).
This tunnel stretch also includes a 7-km undersea section beneath Thane creek. Along with this, a total of 310-km of viaduct construction has also been completed.
'A total of 15 river bridges are completed and 4 are in the advanced stages of construction. Out of 12 stations, 5 are completed and 3 more are now reaching completion stage. The station at BKC is an engineering marvel, as it will be located 32.5 m below ground and the foundation is designed to support the construction of a 95 m high building above ground. Apart from this project, the future corridors are also under active consideration,' said the ministry in a statement.
The foundation stone for the project was laid in September 2017. The total estimated cost is Rs 1.08 lakh crore. The project will have a total of 12 stations, travel time 2 hours and 7 minutes (with limited stops) and operational speed of 320 kilometers per hour. It will pass through Gujarat (348 km), Dadra and Nagar Haveli (4 km) and Maharashtra (156 km).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
an hour ago
- Economic Times
Stock futures rise as Trump, EU reach tariff deal
Stock-index futures climbed after the European Union struck a deal with President Donald Trump that will see the bloc face 15% tariffs on most exports, averting a potentially damaging trade war. ADVERTISEMENT S&P 500 contracts rose 0.4% and those for European stocks jumped 1%. The euro was slightly stronger against the dollar after the US-EU deal. Asian shares fluctuated at the open as Japanese equities declined 0.4%. Treasuries dipped slightly with yields on the 10-year gaining one basis point to 4.4%. Gold edged lower and oil was marginally higher. Investors are bracing for a busy week of data - including meetings of the Federal Reserve and the Bank of Japan - and earnings from megacap companies that could set the tone for the rest of the year in markets and the economy. Stocks have risen from their slump in April as investors speculate the US will strike trade deals with countries and that will help avoid significant damage to company earnings and the global economy. 'A US trade deal with the EU sets the markets up for a positive start to the week, although market participants also confront one of the busiest weeks on the economic calendar for the year,' wrote Kyle Rodda, a senior market analyst at in and European Commission President Ursula von der Leyen announced the EU deal on Sunday at his golf club in Turnberry, Scotland, although they didn't disclose the full details of the pact or release any written hard-fought deal will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy. ADVERTISEMENT Meanwhile, the US and China are expected to extend their tariff truce by another three months, the South China Morning Post reported. The report comes ahead of trade talks between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Stockholm on in Asia, Japanese Prime Minister Shigeru Ishiba signaled he intended to stay in office despite a growing number of calls within the ruling party for him to step down. Later in the week, the Bank of Japan is set to keep interest rates unchanged with traders on alert for any signs of future guidance by the central bank. ADVERTISEMENT This week will also bring a US jobs report, while Magnificent Seven members Apple Inc., Inc., Microsoft Corp. and Meta Platforms Inc. are all due to report numbers. Robust corporate earnings have bolstered investor confidence in US stocks, as companies head for their highest share of beats since the second quarter of in trade deals, positive economic data and corporate resilience have offset worries that stocks are overheating. More than 80% of S&P 500 companies have exceeded profit estimates, according to data compiled by Bloomberg Intelligence. ADVERTISEMENT However, the risk of a bubble in stock markets is rising as monetary policy loosens alongside an easing in financial regulation, according to Bank of America Corp.'s Michael geopolitical news, Thailand and Cambodia are set to hold talks Monday to discuss an end to their deadly border clashes after US President Donald Trump warned Washington wouldn't make a trade deal with either country while the conflict continued. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
an hour ago
- Time of India
Stock futures rise as Trump, EU reach tariff deal
Stock-index futures climbed after the European Union struck a deal with President Donald Trump that will see the bloc face 15% tariffs on most exports, averting a potentially damaging trade war . S&P 500 contracts rose 0.4% and those for European stocks jumped 1%. The euro was slightly stronger against the dollar after the US-EU deal. Asian shares fluctuated at the open as Japanese equities declined 0.4%. Treasuries dipped slightly with yields on the 10-year gaining one basis point to 4.4%. Gold edged lower and oil was marginally higher. Explore courses from Top Institutes in Please select course: Select a Course Category Design Thinking Project Management Cybersecurity Artificial Intelligence Management Healthcare Data Science Product Management CXO Others MBA Technology Data Science Leadership MCA Finance healthcare Degree Operations Management others Data Analytics Digital Marketing Public Policy PGDM Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details Skills you'll gain: Duration: 25 Weeks IIM Kozhikode CERT-IIMK PCP DTIM Async India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thousands Of Black Horse Customers Could Be Due Huge Compensation Resolve My Claim Undo Investors are bracing for a busy week of data - including meetings of the Federal Reserve and the Bank of Japan - and earnings from megacap companies that could set the tone for the rest of the year in markets and the economy. Stocks have risen from their slump in April as investors speculate the US will strike trade deals with countries and that will help avoid significant damage to company earnings and the global economy . 'A US trade deal with the EU sets the markets up for a positive start to the week, although market participants also confront one of the busiest weeks on the economic calendar for the year,' wrote Kyle Rodda, a senior market analyst at in Melbourne. Trump and European Commission President Ursula von der Leyen announced the EU deal on Sunday at his golf club in Turnberry, Scotland, although they didn't disclose the full details of the pact or release any written materials. Live Events The hard-fought deal will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy. Meanwhile, the US and China are expected to extend their tariff truce by another three months, the South China Morning Post reported. The report comes ahead of trade talks between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Stockholm on Monday. Elsewhere in Asia, Japanese Prime Minister Shigeru Ishiba signaled he intended to stay in office despite a growing number of calls within the ruling party for him to step down. Later in the week, the Bank of Japan is set to keep interest rates unchanged with traders on alert for any signs of future guidance by the central bank. This week will also bring a US jobs report, while Magnificent Seven members Apple Inc., Inc., Microsoft Corp. and Meta Platforms Inc. are all due to report numbers. Robust corporate earnings have bolstered investor confidence in US stocks, as companies head for their highest share of beats since the second quarter of 2021. Progress in trade deals, positive economic data and corporate resilience have offset worries that stocks are overheating. More than 80% of S&P 500 companies have exceeded profit estimates, according to data compiled by Bloomberg Intelligence. However, the risk of a bubble in stock markets is rising as monetary policy loosens alongside an easing in financial regulation, according to Bank of America Corp.'s Michael Hartnett. In geopolitical news, Thailand and Cambodia are set to hold talks Monday to discuss an end to their deadly border clashes after US President Donald Trump warned Washington wouldn't make a trade deal with either country while the conflict continued.
Time of India
2 hours ago
- Time of India
Trade deal struck: 15% tariff on EU goods entering US
The European Union and the US agreed on Sunday to a broad-brush trade deal that sets a 15% tariff on most goods, including cars, President Trump announced, at least temporarily bringing an end to months of tense negotiations with a bloc that is the US' single biggest source of imports. Trump said that the EU had agreed to purchase $750 billion of American energy and to increase its investment in the US by more than $600 billion above current levels. He also said that the EU would buy military equipment and that no tariffs would be imposed on some goods. Trump implied that the 50% tariff he had imposed on steel and aluminum globally would remain as is, saying it's a "worldwide thing that stays the way it is. " Other details of the pact were not immediately available. The agreement will "rebalance, but enable trade on both sides," Ursula von der Leyen, the president of the European Commission, the executive arm of the EU, said as she sat next to Trump as the leaders made the announcement. "We made it," Trump said. Though the agreement appears to be a preliminary one that leaves many questions to be resolved, it could bring a measure of calm to one of the world's most important economic relationships and allay fears of an escalating trade war. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Stylish New Mobility Scooters Available for Seniors (Prices May Surprise You) Mobility Scooter | Search Ads Search Now Undo The EU last year accounted for nearly $610 billion of the $3.3 trillion in goods imported by the US. The tariff rate is higher than the 10% tax that Europeans had been angling for, and that Trump applied to British goods. But 15% mirrors the main tariff rate of the US-Japanese trade agreement that was announced last Tuesday, and is lower than the 19 and 20% rates imposed on several Southeast Asian countries. The deal followed weeks of unpredictable talks. Even after that announcement, von Der Leyen stressed the importance of continuing talks and trying to reach a negotiated deal. But the EU also continued working to put the finishing touches on a plan to retaliate against Trump's tariffs, one that could be enacted quickly if needed. Bringing down the tariff on European auto exports was a sticking point for the Europeans, especially Germany, the largest EU economy. European automakers, which sent cars worth 38.5 billion euros ($45bn) to the US last year, have been suffering under the 27.5% tariffs imposed by Trump in April. Pharmaceutical tariffs were another key issue. the US threatened last month that it could raise tariffs on pharma - Europe's largest export to the US - to 200%. Such a high tax would have been crushing for the industry. The govts did not clarify what would happen to tariffs on pharmaceuticals.
