Ministry of Railways has signed three agreements with Japan during the visit of Prime Minister Shinzo Abe. These included a loan for high-speed rail link between Ahmedabad and Mumbai using Japan's Shinkansen bullet train technology. In a statement, the Ministry said, the loan is for a period of 50 years with a moratorium of 15 years, at an interest rate of 0.1 percent.<br/><br/>A joint feasibility study for the project was conducted by the Indian Railways and Japan International Cooperation Agency in July this year. The cost of the 505-km corridor is estimated at just under 1 lakh crore.<br/>Two other partnership agreements with Japan on rail sector will also address many issues including safety, cleanliness and research being faced by Indian Railways for years. There will be comprehensive technological cooperation with Japan including sharing of information and best practices, exchanges of officials and technicians, conducting joint research and studies. The agreements also envisage cooperation in areas of safety in train operation, advanced techniques of maintenance and use of environment-friendly technologies, among other areas.