Full coverage: Modi, Abe kick off India's first bullet train but several hurdles remain
Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe on Thursday laid the foundation stone for the proposed Ahmedabad-Mumbai High-Speed Rail Network, commonly known as the bullet train, in the Gujarat city."My good friend Prime Minister Narendra Modi is a far-sighted leader. He took a decision two years ago to bring high-speed train in India and to create a new India," he said."I hope to enjoy the beautiful scenery of India through the windows of the bullet train when I come back here in a few years," said Shinzo Abe after laying the foundation stone.Around Rs 1.10 lakh crore will be spent on the project that is being partially funded by Japan. Out of the Rs 1,10,000 crore, Japan is giving a loan of Rs 88,000 crore. The interest on this loan is minimal at 0.1 per cent and it is to be repaid in 50 years, with a grace period of 15 years. The train will stop at each of the 12 railway stations on the route,but only for 165 seconds. A 21-k...