Bullet train is a low-cost project
The bullet train project not only adds to the rail networks in terms of transport capabilities but also adds to the growing capabilities of the country. Here’s how:
The project is funded by a loan on terms which tantamount to a grant
The Ministry of Railways has been given Rs. 88,000 crores as a soft loan from the Japanese government which will help Railways to kick off the process.
The minuscule interest rate of 0.1% and the repayment time of 50 years is economically advantageous to our economy.
As the repayment of loan is to begin after 15 years of receiving the loan.
