If they act now, they can reshape the strategic map of Asia without firing a shot. If they wait, the next opportunity will come only after a serious Taiwan Strait incident -- by which time the price will be far higher, and the room for boldness far smaller -- the opportunity may well be lost by then. The question is no longer whether this can or should be done, points out Varun Arya.
During Abe's tenure, Japan had announced support for a number of major projects. These included the bullet train project between Mumbai and Ahmedabad, besides allocations for a freight corridor between Mumbai and New Delhi.
In an important decision, the new government in Maharashtra on Thursday announced lifting of the stay on the construction of Mumbai Metro-3 car shed at the controversial site in the Aarey Colony, a green belt in the city's western suburbs.
'You need to have enough funds to maintain the primacy of public transport and it should not suffer because of lack of funds.'
The project will be in three stages and sources indicate that the funding will be for the first stage of 107 kilometre from Sarai Kale Khan to SNB Urban Complex.
This alternative is being planned as the existing projects continue to be delayed due to land acquisition troubles. The ministry is thinking of adding new track lines to its existing eastern and western DFCs passing major areas in the proposed stretches, senior officials said.
However, survey by Japanese firm shows India as most preferred Asian market for Japanese investors.
Six others, including the then PWD minister Churchill Alemao, were also listed in the charge sheet in the scam in which the US firm has been charged with bribing Indian officials to win two water developmental projects in Goa and Guwahati.
Apart from land acquisition, another major cause for concern before the project is cost escalation owing to a fall in the rupee against the Japanese yen.
Louis Berger officials had allegedly paid Rs 50-60 lakh each as bribe to former Chief Minister Digambar Kamat and the then Public Works Department Minister Churchill Alemao.
Describing former Chief Minister Digambar Kamat as a "habitual offender involved in corrupt practices", the Goa crime branch has alleged before a court in Panaji that he "actively participated" in the conspiracy and was among the beneficiaries in Louis Berger bribery case.
With the launch of a pilot project to alert commuters about the traffic situation, Ahmedabad became the first Indian city to get an Intelligent Traffic System (ITS).
Construction is supposed to begin in 2017, with completion slated for 2023.
The Japan International Cooperation Agency has submitted the final report on the feasibility study of the proposed high-speed rail system on the Mumbai-Ahmedabad route to the Railway Minister, estimating the ambitious project would cost Rs 98,805 crore.
Goa Police on Thursday conducted searches at the residence of former Chief Minister Digambar Kamat and in other places in the state in connection with the Louis Berger bribery case.
Former Goa chief minister Digambar Kamat has now been charged with disappearance of evidence in Louis Berger bribery case in addition to various sections of Prevention of Corruption of Act and IPC.
The jump can be attributed to increased assistance through soft loan.
It will also provide support to the government for finalising the financial and implementation models.
The railways may offer high-speed train corridors to global players.
With the Japanese government taking a lead in funding the megapolis' many signature infrastructure projects, the World Bank has evinced interest in funding the proposed Charkop-Dahisar and Wadala-Teen Hath Naka Metro projects.
India and Japan on Monday signed seven agreements under which the East Asian economic giant would provide loans worth a total of Rs 8,632 crore (Rs 86.32 billion) for various projects, including the Bangalore Metro Rail Project.
Everything you wanted to know about the Mumbai-Ahmedabad bullet train but didn't know who to ask.
Digambar Kamat has been summoned by the Crime Branch to appear before it on Wednesday in connection with the case.
To facilitate foreign direct investment (FDI) in high- speed rail projects, the government is likely to allow private sector entry in operations.
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Despite being cheaper, the Chinese technology is not the preferred option.
On Tuesday, the state-run Mumbai Metropolitan Region Development Authority, the planning body, indicated that it expected to award the contract before December, which would pave the way to kick start construction in the same month.
While farmers in Gujarat are rejecting the compensation package, farmers in Maharashtra say they do not wish to part with their land for a project that largely benefits Gujarat.
Former Goa minister Churchill Alemao has filed a fresh bail application before the special court in connection with the Louis Berger bribery case.
Thackeray said not a single tree leaf will be cut till further developments.
In line with Prime Minister Narendra Modi's vision to introduce bullet trains in the country, a team of Railway officials will visit Beijing on November 24 to take forward the Delhi-Chennai high-speed corridor project, the longest in India.
Police on Thursday filed chargesheet in the Louis Berger pay-off scandal naming former Goa chief minister Kamat as the "prime conspirator".
Feasibility study is being sought for high-speed rail corridors.
The cost of railway linking Mumbai and Ahmedabad is between $12.2 bn to $13.9 bn.
Passengers will get the thrill of riding under the sea while travelling between Mumbai and Ahmedabad
Ambani has unveiled an over Rs 1.8 trillion capex plan for the next three years.
The Western Railway is awaiting clearance from the Commissioner of Railway Safety, for running trains on this high-speed corridor at 130 kmph which will help cut down travel time by atleast 30 minutes.
Goa's former Chief Minister Digambar Kamat was asked to furnish a surety of Rs 1 lakh.
The government and MMRDA are keen to develop the 22-km link, which will connect Sewri on the island city to Nhava Seva in Navi Mumbai, on an engineering, procurement and construction basis and not on the build-operate transfer model, considering past experience.
The bullet train is expected to cover 508 km between Mumbai and Ahmedabad in about two hours.
The top speed on the about 505 kms elevated corridor will be between 300 to 350 kmph.
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