Japan poised to win India’s bullet train deal – Nikkei
Japan is expected to win the right to construct India’s first bullet train, after losing an Indonesian high-speed rail deal to China, the Nikkei business daily reported on Tuesday.
Japan will offer more than 1 trillion yen ($8.11 billion) in loans to construct India’s 980 billion rupee fast train, according to the report.
Japan recently lost the bid to build Indonesia’s first fast-train because Beijing provided a $5 billion loan without guarantees. Read more