City
Epaper

Bullet Train funds likely to go for Maha farm loan waiver ( Exclusive)

By IANS | Updated: November 26, 2019 20:40 IST

Maharashtra's new Shiv Sena-NCP-Congress government, after taking over, is likely to announce a farm loan waiver scheme by cutting on the state's share in Prime Minister Narendra Modi's ambitious 508-km-long Mumbai-Ahmedabad High Speed train project.

Open in App

According to the top NCP leadership, the three parties have decided that the money which is to be given by the state government for the Bullet Train will be diverted to the farmer welfare scheme as it is part of the common minimum programme they have agreed on.

On November 21, has reported that Modi's Bullet train project, being implemented by the National High Speed Railway Corp Ltd (NHSRCL), may hit a barrier if the Congress-NCP-Shiv Sena combine comes to power in Maharashtra.

Modi and his Japanese counterpart Shinzo Abe had jointly laid the foundation stone for the Bullet Train project in Ahmedabad in September 2017.

A senior NCP source told that "during the first meeting of the three parties in Mumbai last week, discussions were held on the Ahmedabad-Mumbai Bullet Train project in which we informed the leaders that, according to Central government, the Maharashtra government would be bearing Rs 5,000 crore of the total Rs 1.08 lakh crore cost".

"And then we came to a conclusion that once we form the government in the state then we will inform the Central government that the state government will not bear the cost of the high speed train project and will spend the same money on some other pro-people schemes," he said.

The party source said that the state government will spend the amount for farmers' welfare.

The 508-km Ahmedabad-Mumbai high speed train project is slated to be completed by 2023.

The NHSRCL has, till date, acquired over 48 per cent of the land for the project and also floated tenders for several works.

( With inputs from IANS )

Tags: ncpAhmedabadmumbaimodimaharashtra
Open in App

Related Stories

MumbaiMumbai Horror: Man Molests Eight-Year-Old Girl, Shows Obscene Videos on Pretext of Giving Pizza In Tardeo

MaharashtraMaharashtra CM Devendra Fadnavis Reviews Security Measures, Issues Key Directives for State Preparedness (VIDEO)

MaharashtraPetrol Pumps Across Maharashtra Likely To Halt Digital Payments from May 10? Here's Why

MumbaiMumbai: Tata Memorial Hospital Receives Bomb Threat Email, Turns Out To Be Hoax

MaharashtraMaharashtra CM Devendra Fadnavis Chairs High-Level Security Meet Amid Rising India-Pakistan Tensions

National Realted Stories

NationalIndian Army Destroys Terror Launch Pads, Pakistani Army Posts After Drone and Missile Attacks

NationalPakistani Drone Shot Down Near Amritsar Border, Debris Recovered by Security Forces

National32 airports shut till May 15 as tensions escalate between India-Pakistan

NationalIMF reimbursement to Pak will not help in de-escalation of hostilities with India: J&K CM Omar

NationalMissile-like object falls from sky in Balotara, drone debris found in Jaisalmer