1 lakh
crore – total money invested in one train line which connects two important
cities of India. Is it a political move or well thought of investment?
How would
we evaluate public infrastructure projects? Usually a road or a bridge is made
to reduce the travel time so citizens can spend more time in productive
activities which eventually increase the GDP.
Now the GDP
is increased when the most productive citizens of the country are helped. So a
bullet train had to be around the financial capital of the country as that’s where
most millionaires are residing. So the bullet train cannot be built only were
there are lot of people, however a place where high income population is residing.
So in the 500 km radius the maximum tax paying citizens are residing from
Ahmedabad to Mumbai.
Another
evaluation criteria is the cost per km of the road or the bridge. It is not the
total quantum matters as the longer the project, more people benefit. Here are
a list of few project with their cost per km and the year in which they were made:
Sr. No.
|
Name of the Project
|
Cost per KM
|
Year of Construction
|
Present cost (Rough
Estimate)
|
1
|
Bandra Worli Sea
link
|
285 crore
|
2010
|
350 crore
|
2
|
Chenani-Nashri Tunnel
|
400 crore
|
2017
|
400 crore
|
3
|
Delhi Metro Project
|
323 crore
|
2002-2017
|
400 crore
|
4
|
Ahm-Vadodara Express
Way
|
5 crore
|
2003
|
75 crore
|
5
|
Yamuna Expressway
|
78 crore
|
2012
|
100 crore
|
6
|
Eastern Expressway
Mumbai
|
85 crore
|
2013
|
120 crore
|
7
|
Ahm- Mumbai Bullet
Train
|
200 crore
|
2023
|
(To be seen)
|
If we
consider the cost per kilometer of projects as compared with Bullet train – it is
cheaper than comparable projects. Only the highway projects are cheaper than
bullet train however such projects take years to complete because of complex
land acquisition and its hidden costs.
It is also
to be seen how much time does a project save per crore invested. Looking at the
speed of the bullet train, which is the fastest than any such project it is
going to save maximum time. In fact the total travel time will be lesser than air
travel which is going to help a lot to increase the GDP.
Another
important part of bullet train is environment friendly travel. While airport and
highway will need crude oil to travel and emit green house gases – a bullet
train will consume electricity which can be from renewable sources.
If we
consider scalability than also the train track once laid can have a lot of
trains – about one going every 10 mins. While highways / airports get crowded very
easily and are not scalable to 10 times their present capacity.
Highways have
a high fatality rate with 14 lakh road deaths in India annually it is a big
risk. Shinkansen technology having zero fatalities in last 50 years may be the
solution to Indian traveler woes.