Delhi-Chandigarh HSR to cost Rs 1,000 billion

The Delhi-Chandigarh-Amritsar High Speed Rail [HSR] Corridor Project is likely to cost Rs 1,000 billion according to the feasibility report submitted by the Systra MVA Consulting (India) Private Limited and Rites Limited joint venture. This cost includes the cost of rolling stock as well as price escalation. The feasibility report also suggests direct government funding instead of a PPP. The project involves the development of a 450 km Delhi-Chandigarh-Amritsar HSR corridor. High Speed Rail Corporation Limited is the special purpose vehicle (SPV) incorporated as a subsidiary of Rail Vikas Nigam Limited to implement the project.

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