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On December 8, a Japanese media outlet reported that Japan would prepare to build India's first bullet train
after Tokyo raised $8 billion to New Delhi.
The two countries will issue a joint statement unveiling the plans
reached during a meeting with Prime Minister Narendra Modi during Prime Minister Shinzo Abe's visit to India on Saturday.
It is reported that the high-speed rail train will connect the two cities
of Mumbai and Ahmedabad in India.
However, the Nihon Keizai Shimbun did not disclose the source of
the above information.
Earlier this year, Japan lost a bid with China for Indonesia's high-speed rail plan
.
Japanese officials say the plan with India is the second successful export after Japan exported its bullet train technology to Taiwan in 2007
.
Two officials from Japan's trade and transport ministries confirmed to AFP with restraint the contents of the Nihon Keizai Shimbun report, saying the Japanese government was "doing its utmost to advance the agreement.
"
Abe reportedly left India on Friday, telling Modi that Japan would provide loans worth 1 trillion yen ($8 billion) over the next 10 years
.
This is more than half
of the total financing of the project, INR 980 billion.
The introduction of high-speed rail and bullet trains was one of
Modi's key campaign promises when he was elected prime minister in May 2014.
On December 8, a Japanese media outlet reported that Japan would prepare to build India's first bullet train
after Tokyo raised $8 billion to New Delhi.
The two countries will issue a joint statement unveiling the plans
reached during a meeting with Prime Minister Narendra Modi during Prime Minister Shinzo Abe's visit to India on Saturday.
It is reported that the high-speed rail train will connect the two cities
of Mumbai and Ahmedabad in India.
However, the Nihon Keizai Shimbun did not disclose the source of
the above information.
Earlier this year, Japan lost a bid with China for Indonesia's high-speed rail plan
.
Japanese officials say the plan with India is the second successful export after Japan exported its bullet train technology to Taiwan in 2007
.
Two officials from Japan's trade and transport ministries confirmed to AFP with restraint the contents of the Nihon Keizai Shimbun report, saying the Japanese government was "doing its utmost to advance the agreement.
"
Abe reportedly left India on Friday, telling Modi that Japan would provide loans worth 1 trillion yen ($8 billion) over the next 10 years
.
This is more than half
of the total financing of the project, INR 980 billion.
The introduction of high-speed rail and bullet trains was one of
Modi's key campaign promises when he was elected prime minister in May 2014.
