Significant progress made in Mumbai-Ahmedabad High-Speed Rail Corridor Project

The central government has given a green signal to realigning the Mumbai-Ahmedabad High Speed Rail Corridor Project to include Pune and Nashik on account of the availability of sufficient land in these regions and exchanging a piece of land at the Bandra Kurla Complex for building a terminus for the corridor. Further, the Gujarat government has signed an MoU with National High Speed Rail Corporation Limited (NHSRC) for the implementation of the project under which 70 per cent of the total project cost will be invested in Gujarat including the manufacture of components for the high speed rail (HSR) in the state. Besides, the state government will bear 25 per cent of the project cost and will provide land to facilitate project implementation. Meanwhile, NHSRC has already commenced technical surveys for the development of the HSR project.