Japanese funding agency JICA has signed a tripartite consultancy pact with Railway Ministry and National High Speed Rail Corporation for the high-speed railway project between Mumbai and Ahmedabad.
JICA promotes smooth implementation of the Mumbai- Ahmedabad High Speed Railway Project by signing the Memorandum for General Consultancy, the funding agency announced.
”The GC is to provide design and bidding assistance for the public works and systems required for the construction of a high-speed railway linking two cities Mumbai and Ahmedabad in India, which was agreed to at the Japan-India Summit Meeting held in December 2015,” JICA said in a statement.
JICA will bear the cost of GC up to 2020 and will contribute to the smooth implementation of the High Speed Railway Project, it said.
The high speed railway line between the two important cities in Western India is expected to cover 508 km in about two hours, running at a maximum speed of 350 km/h and operating speed of 320 km/h.
Estimated to cost about Rs. 97,636 crore (USD 14 billion), 81 per cent of the funding for the 508 km long Mumbai-Ahmedabad high speed rail corridor project will come in form of a loan from Japan.
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