Float tenders for bullet train systems without delay: India to Japan

India has told Japan that tenders for electrical and signalling systems, as well as the rolling stock, for the Mumbai-Ahmedabad high-speed rail corridor should be floated without delay as land issues faced by the project appear to have been resolved.

Sources said that Japan and India have agreed to put a cap on the cost of the systems and rolling stock, and that if the prices for these quoted by Japanese companies go beyond that cap, the balance will be footed by the Japanese side, outside the scope of the loan agreement for the project.