Prime Minister Narendra Modi’s ambitious Bullet train project is set to face one more hurdle. The newly formed government in Maharashtra under Uddhav Thackeray has announced to review the project.
The 1.1 lakh crore project is already facing the hurdle of land acquisition from the fruit farmers. Out of 1380 hectares of required land, as of now only 548 hectares have been acquired. The project is targeted to be operational by 2023. The 81% of the project is funded by the Japan International Cooperation Agency through a 50-year loan at an interest of 0.1%. Maharashtra and Gujarat government will contributing Rs. 5000 crore each with centre contributing Rs. 10,000 crore.
On our prediction platform, more that 50% of our predictors believe that the new government in Maharashtra will put an hold upon Bullet Train Project
In recent development, Uddhav Thackeray on his first day as Chief Minister has put a hold on Aarey Car shed for the underground Metro 3 line. In his address to media he said that his government will not allow murder of trees. It must be noted that the 2140 trees required to be cut for metro car shed was already cut after Bombay High Court refused to put a stay upon the cutting on tress on October 3. CM Uddhav Thackeray, however, asserted that the metro work will go on.
"This government is of the common man. Like you asked now, yes, we will review the bullet train (project). Have I stayed the bullet train project like Aarey car shed? No, I haven't," Uddhav Thackeray told the reporters on Sunday. He said that the previous BJP led government had their priorities "misplaced". He asserted that though the state is under a hefty dept of 5 lakh crore, there will be unconditional waiver of farm loans in the state.
Many Shiv Sena leaders also of the opinion that the Gujarat is benefited more from the project and the expenditure to be made by Maharashtra Government on the project can be utilised to waive off the farm loans in the state. CM Uddhav Thackeray on Sunday said that his government will not work on vendetta politics and promised to come up with white papers on the financial condition of the state.
The newly formed Maharashtra government is yet to decide on Cabinet minsters. According to Chief Minister, the cabinet is soon to be expanded. After a long prevailing political drama in the state, Shiv Sena, an old ally of BJP formed a new alliance in state with NCP and Congress. The alliance know as Maha Vikas Aghadi won the floor test on Saturday after BJP staged a walkout from the assembly.