Although Japan lost out to China to build Indonesia first high speed rail line, they have moved aggressively in India. We in Canada could use their expertise. Japan targets Indian high-speed rail with big finance offer GCR - Japan has offered to finance India’s first bullet train, estimated to cost $15bn, at an interest rate of less than 1%, officials said, stealing a march on its rail rival, China. Tokyo’s push in India comes just weeks after it lost out to China on the contract to build Indonesia’s first high-speed railway. “ There are several (players) offering the high-speed technology. But technology and funding together, we only have one offer. That is the Japanese ” A. K. Mital, the chairman of the Indian Railway Board India’s cabinet will take a decision on the Japanese proposal over the next few weeks, an Indian railway official said, according to Indian newspaper The Economic Times. Tokyo was picked to assess the feasibility of building the 505-kilometre corri