Daijiworld Media Network - Mumbai (SR)
Mumbai, Jul 27: In a written reply to Dr Vikas Mahatme, Railway Minister Piyush Goyal informed the Rajya Sabha on Friday, that the MAHSR (Mumbai-Ahmedabad High-Speed Rail) project of 508-kilometer length has been sanctioned by the Government with target to be completed by 2023.
The Railway minister said, "This project is being executed by a special purpose vehicle namely, National High-Speed Rail Corporation Limited (NHSRCL), with the financial and technical assistance from the Government of Japan. The total estimated cost of the project is Rs 1,08,000 crore."
Goyal said so far, the expenditure of Rs 3226.8 crore has been incurred on the project upto June. When asked when will the government expand the bullet train network all over the country, the Railway minister said, "Bullet train or high-speed rail projects are highly capital and technology-intensive and therefore, their proposals for other sections are subject to technical feasibility, financial and economic viability and availability of funding."