The Mumbai-Ahmedabad High-Speed Rail, also popular as Bullet Train Project is likely to be done by 2023, said Railway Minister Piyush Goyal in the Rajya Sabha.
He continued, “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. 108000 crore.”
Till date, the expenses of Rs. 3226.8 crore has been incurred on the bullet train project up to June 2019, said the Railway Minister.
Enquired when the central government will expand the network of bullet train project across the country, Piyush Goyal was quoted saying, “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.”