Latest news with #VRF
India.com
29-04-2025
- Business
- India.com
Good news for passengers! Bullet train launch date is..., you can travel between Mumbai-Ahmedabad on...
Good news for passengers! Bullet train launch date is…, you can travel between Mumbai-Ahmedabad on… What comes as good news for passengers, Maharashtra Chief Minister Devendra Fadnavis on Monday informed that the USD Mumbai-Ahmedabad bullet train, built with Japanese cooperation, will be completed by 2028. He further said that Maharashtra is considering raising USD 50 billion from international financiers to develop its infrastructure. An announcement regarding this will be made in the coming months. Without naming Uddhav Thackeray, Fadnavis said the bullet train project suffered losses during the two-year rule of the Shiv Sena till 2022, but now the work is going on at full speed. CM Fadnavis said, by 2028 people will be able to use the services of the bullet train. He admitted that neighbouring state Gujarat is ahead of Maharashtra in the development of this much-awaited project. Work On IMEC Project Accelerates Fadnavis said, infrastructure building is crucial to achieve the target of USD1000 billion state Gross Domestic Product (GSDP). During his first term as Chief Minister between 2014-19, USD 30 billion was invested in the infrastructure building and now more money is being invested in the project. While addressing a programme organised by VRF on the India-West Asia-Europe Economic Corridor (IMEC) project, the Maharashtra Chief Minister said Vadhavan port will become operational in the next three to four years. This port will help in reducing logistics costs. 17 States Will Be Connected With Modern Port Maharashtra is developing infrastructure to boost economic growth and connectivity. A new highway connecting Nashik to Vadhavan port will link 17 districts to the port facilities. Additionally, the state is constructing the Shaktipeeth Highway between Nagpur and Goa, focusing on development in underserved regions. The Maharashtra Chief Minister pledged the state's support for the IMEEC project, highlighting Mumbai and Maharashtra's key role and promising a supportive environment to ensure its success.
India Today
29-04-2025
- Business
- India Today
India's first bullet train to be operational by 2028: Devendra Fadnavis
The USD 15 billion Mumbai-Ahmedabad bullet train project, which is being constructed in association with Japan, will be up and running by 2028, Maharashtra Chief Minister Devendra Fadnavis stated on Monday. Fadnavis further stated that the state plans to raise USD 50 billion from global financiers for developing infrastructure in the state, which will be announced in four stated the bullet train project lagged during a two-year tenure up to 2022, but the work is now going on in full 2028, we will have the option of travelling on the bullet train," Fadnavis stated, admitting that neighbouring state Gujarat is ahead of Maharashtra in the development of the project. Fadnavis stated that developing infrastructure is extremely crucial to reach the target of USD 1 trillion GSDP, and that USD 30 billion was spent on infrastructure development during his first term as chief minister from 2014-19, and more funds are being invested in crucial projects an address on the India-Middle East Europe Economic Corridor (IMEEC) project of VRF during an event held here, he indicated the Vadhavan port would start operations in 3–4 years from to him, since the port will be constructed on reclaimed land, the cost of logistics would decrease as the turnaround time for JNPA, the biggest container port nearby in India, is Vadhavan port will also be accompanied by a surrounding airport that will be constructed through land reclamation off the sea, Fadnavis explained, commenting that most big cities across the world have such airports. It will also include a bullet train halt, Fadnavis chief minister stated that Maharashtra is constructing a road from Nashik to Vadhavan port that will make sure that 17 districts of the state become connected with the new state is constructing the Shaktipeeth road to link Nagpur with Goa, Fadnavis stated, adding that this road link, going through the backwards areas, will also prove beneficial in increasing the economic stated that Mumbai and Maharashtra would be key to the IMEEC, and promised that the state would develop the enabling ecosystem for the project to the same event, Sanjeev Krishan, the country chairperson of consultancy firm Pwc, stated that the corridor, when added to the existing trade corridors, will have a multiplier effect on the world economy.
The Print
28-04-2025
- Business
- The Print
Bullet train to be operational by 2028: Fadnavis
Without naming Shiv Sena's Uddhav Thackeray, Fadnavis said the bullet train project suffered during a two-year rule until 2022, but now the work is on in full swing. 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.
Time of India
28-04-2025
- Business
- Time of India
Bullet train to be operational by 2028: Maharashtra CM Devendra Fadnavis
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. 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. #Pahalgam Terrorist Attack India stares at a 'water bomb' threat as it freezes Indus Treaty India readies short, mid & long-term Indus River plans Shehbaz Sharif calls India's stand "worn-out narrative" Without naming Shiv Sena 's Uddhav Thackeray, Fadnavis said the bullet train project suffered during a two-year rule until 2022, but now the work is on in full swing. "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. 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by 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. Live Events 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.
Mint
28-04-2025
- Business
- Mint
Bullet train to be operational by 2028: Fadnavis
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. 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. Without naming Shiv Sena's Uddhav Thackeray, Fadnavis said the bullet train project suffered during a two-year rule until 2022, but now the work is on in full swing. "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. First Published: 28 Apr 2025, 05:20 PM IST
