National High Speed Rail Corporation Limited (NHSRCL) has achieved a physical progress of about 50 per cent on the Mumbai-Ahmedabad High-Speed Rail (HSR) Corridor Project.
The project involves the development of a 508.17 km long Mumbai-Ahmedabad 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.