Chief minister Devendra Fadnavis has written a letter to the railway ministry expressing the state government’s inability to provide land for a bullet train terminal at Bandra-Kurla Complex (BKC).
The upcoming International Financial Services Centre (IFSC) in the city’s business hub and exorbitant land prices were cited as the reasons behind the refusal, a bureaucrat from Mumbai Metropolitan Region Development Authority (MMRDA) told HT.
The official also informed that the letter was written earlier this month.
“There are plans to build the IFSC on a 20-hectare plot at the G-text block, the only big chunk of land available in BKC. The fund raised through the sale of the land is the prime source of revenue, which will be used for implementation of infrastructure projects. Citing the background the chief minister has informed the ministry that the BKC land cannot be given for bullet train,” said the bureaucrat, who did not wish to be named.
Lately, India and Japan signed a memorandum of understanding (MoU) for the execution of a bullet train service between two commercial hubs of the country, Mumbai and Ahmedabad.
Japan is offering soft loan of Rs79,000 crore, which amounts 80% of the Rs98,000 crore project.
The interest rate is 0.1% for 50 years.
An official in chief minister’s office (CMO) informed that the railway ministry has been asked to consider if vacant plots at Dadar or Kurla that belongs to the railways for the construction of the bullet train terminal.
“If the terminal comes near Lokmanya Tilak Terminus, it will have connectivity with the railways. Additionally, it can have Metro connectivity,” said the official, on condition of anonymity.
According to plans, the bullet train will cover a 505-km distance between Mumbai and Ahmedabad in just two hours as against seven hours it takes by train at present.