India wants bullet trains – who will win the race for bullets - China or Japan?

The war for bullets is hotting up – India wants bullet rains and both China and Japan are strong contenders. But, Japan has the advantage because it is willing to offer finance at 1% interest to finance India's first bullet train. The estimated cost would be $15 billion.
This has been reported in telegraphindia.com dated 22 October 2015.

Tokyo was picked to assess the feasibility of building the 505-Km corridor linking Mumbai with Ahmedabad, the commercial capital of Prime Minister Narendra Modi's home state. It has concluded that such a bullet train would be technically and financially viable.
The projects would be a part of a 'Diamond Qaudrilateral' of high speed trains over 10,000-Km of track that India is keen to set up to connect Delhi, Mumbai, Chennai and Kolkata. Japan has offered to meet 80 per cent of the Mumbai-Ahmedabad project cost, provided India agrees to buy 30 per cent of equipment including the coaches and locomotives from Japanese firms.
Japan's International Cooperation Agency JICA, which led the feasibility survey, has indicated that the journey time between Mumbai and Ahmedabad would be cut to two hours from seven. And, the route would require 11 new tunnels – one of these would be an undersea tunnel near Mumbai.
(Image courtesy wikimediacommons.org)

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