National High Speed Rail Corporation Limited (NHSRCL) has achieved a physical progress of about 59.1 per cent on the Mumbai-Ahmedabad High-Speed Rail (HSR) Corridor Project. Currently, about Rs 903.96 billion has been spent out of an estimated Rs 1,080 billion total cost.
The project involves development of the 508.17 km long Mumbai-Ahmedabad high-speed rail (HSR) corridor in Maharashtra and Gujarat with an investment of Rs 1,080 billion. It is being implemented by a special purpose vehicle (SPV), named National High-Speed Rail Corporation Limited (NHSRCL), incorporated by the Ministry of Railways (MoR) and the respective state governments of Maharashtra and Gujarat with an equity stake of 50:25:25 respectively. The project is the first corridor to be explored for the railway’s ambitious bullet train project and also includes a 21 km long sub-sea tunnel from Mumbai to Thane.