India's first bullet train will run under water too!
While a major section of the corridor is slated to be on the elevated track, there will be a stretch after Thane creek towards Virar which will go under the sea.
Estimated to cost about Rs 97,636 crore (Indian), 81 per cent of the funding for the project will come by way of a loan from Japan. The project cost includes possible cost escalation, interest during construction and import duties.
It is a soft loan for 50 years at 0.1 per cent annual interest with 15 years' moratorium, according to the Indian railways official.
At present, Duronto Express takes about seven hours to cover the distance between the two financial centers.
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