New Delhi: India will build a high-speed rail network linking New Delhi with Mumbai, its transport minister said on Thursday.
“We are going to build a railway link between Mumbai and Delhi, which will be built in three phases,” Piyush Goyal said in a speech at the National Press Club.
“It will have two phases, one in the next five years, the other in the first half of 2021,” Goyal added.
The minister said that the Indian Railways will use a combination of private and public capital to complete the project.
“There is no cost for the project,” Goyalsaid.
“I have been assured that the project will be carried out in a transparent manner.
We are trying to keep all our promises,” he said.
India, the world’s third largest economy, plans to build the high-tech railway from Mumbai to Pune.
The planned route will link the cities with an existing railway system between Mumbai, Hyderabad, Jaipur and Coimbatore.
India is also planning to build more than 20 kilometers of new rail track in the future.
“That will enable us to increase the speed and efficiency of the railway,” Giyen Bhatt, deputy minister of state for transport, said.
“This will enable the development of new industries, the transport sector, new roads, highways and other infrastructure,” he added.
India plans to spend about $20 billion (16 billion euros) to complete and operate the high speed railway.