The Japan International Cooperation Agency (JICA) submitted the final report on the feasibility study of the proposed high-speed rail system on the Mumbai – Ahmedabad route to the railway minister, estimating the ambitious project would cost Rs 98,805 crore (USD 15 billion). The bullet train aims to reduce the travel time on the 505 km long corridor between Mumbai and Ahmedabad to two hours from the existing more than seven hours. Railways will examine the report and decide the future course of action. As a follow-up action, a cabinet note seeking approval for the project with an outline of the project feasibility and timelines is likely to be prepared next month. If work begins in 2017, the line can be completed in 2023 and made operational in 2024.
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