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Maharashtra Government to Review PM Modi’s Dream Bullet Train Project

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After becoming Maharashtra CM Uddhav Thackeray has made a big decision. He has ordered a review of all on-going development projects in the state, including Mumbai-Ahmedabad bullet train. Bullet train project is considered as PM Modi’s dream project.

It is important to note that the Japan International Cooperation Agency has been providing 81% loan to India for 50 years at a 0.1% interest rate for a bullet train project worth Rs 1.10 lakh crore in Mumbai-Ahmedabad. The agency for the project is the National High Speed ​​Rail Corporation (NHRC). The Maharashtra government and the Gujarat government will provide Rs 5,000 crore equity for the project. Apart from this, the central government will provide Rs 10,000 crore. Land is also being acquired for the project. There is a deadline to complete the project by the year 2023. However, it is being opposed in some parts of Maharashtra.

Maharashtra Chief Minister Uddhav Thackeray said that the state has a debt of Rs five lakh crore , is firm on giving unconditional loan waivers to farmers.The state government will also come out with a white paper on the financial condition of the state.

Uddhav Thackeray said that Maharashtra contributes 40 to 45 per cent of total tax revenue to the country’s treasury. If we are exempted from that for 2 years, the entire state debt can be exhausted. Central government hopes to cooperate in difficult times. Thackeray said that his government priorities are different from those of previous government and that development is our main agenda.