Japan’s government and its rail companies lobbied the U.S. for years to sell its bullet-train technology and found little success. Finally, there’s an international buyer: India.
The contracts are interesting as well:
- $ 17 Billion for 316 miles and 2 Million passengers of India’s Shinkansen
- $ 2 Billion for 187 miles and 3,5 Million passengers of U.S. Amtrak’s TGV
The $2 billion TGV deal is for the trains and equipment only, it doesn’t include the track.The Indian $17 billion deal includes the track, which has 21 miles of tunnels, 7 miles under the Arabian Sea. Almost all of the remaining track will be elevated.
The TGV deal is for a train with a maximum speed of 300 km/h but will mostly operate at 260 km/h. The Indian deal is for a train with a maximum speed of 350 km/h, but will mostly operate at 320 km/h.
The Indian deal includes almost $14 billion in Japanese investment for 50 years at 0.5% interest. India is making decent progress in modernizing. We still have a long way to go, especially in rural areas, but there’s a lot of exciting news coming lately.
Those people who ride on top and hang off the side are in for one hell of a ride. 😀