(From Reuters)

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

The first train of the new Hokuriku shinkansen or bullet train, bound for Tokyo, runs near Shin-Takaoka Station in Takaoka, Toyama prefecture, March 14, 2015, in this aerial view photo taken by Kyodo. REUTERS/Kyodo
The first train of the new Hokuriku shinkansen or bullet train, bound for Tokyo, runs near Shin-Takaoka Station in Takaoka, Toyama prefecture, March 14, 2015, in this aerial view photo taken by Kyodo. REUTERS/Kyodo

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