The drilling will help ascertain soil conditions under water. "Soil and rocks below the 70-meter-deep see are being tested as part of the geo-technical and geo-physical investigation undertaken for the entire project," a senior Railway Ministry official reportedly said.*
Estimated to cost about Rs 97.6 billion ($14.5 billion), 80% of the project's funding will come by way of a loan from Japan that operates the Shinkansen bullet train between Tokyo and Osaka. India will replicate that system. The project cost includes possible cost escalation, interest during construction and import duties.* Read more...