Japan eyes high-speed rail contract in India, says cost not high

Japan Rail contractNEW DELHI: With the feasibility study for the country’s first high-speed railway in its final stages, Japan expects India to make a “big, clear decision” on the Shinkansen. Japan is also pushing for a 360-degree project rather than a piecemeal one.

Speaking exclusively to TOI, Masafumi Shukuri, chairman of the International High-Speed Rail Association ( IHRA) which owns the famed Shinkansen bullet trains, said, “Rather than saying India only requires economic or financial cooperation, or that finance and technology should be considered separate from developing human resources, they cannot be separated and should be an integrated decision. If India is getting financial assistance from one country, the technology of that country, wisdom, experience and human resources of that country should be utilized as well.”