- February 10, 2017
- Posted by: amdaindia
- Category: Urban News
Gujarat Government recently signed a memorandum of understanding (MoU) worth Rs 77,000 crore with the Ministry of Railways for the Mumbai-Ahmedabad Bullet train project.
The MoU was signed during the Vibrant Gujarat Summit at Mahatma Mandir in the presence of Chief Minister Vijay Rupani and Deputy Chief Minister Nitin Patel.
Out of the total cost of Rs 1.10 lakh crore for the high-speed Bullet train project, Gujarat government would get 70% share, the state government said in a release.
The agreement was signed between Gujarat government and the High-Speed Rail Corporation (HSRC), which falls under the Railway Ministry.
“Under this agreement, Rs 77,000 crore will be invested in Gujarat for the Bullet train project. We have signed a MoU recently in this regard with the Ministry of Railways,” Rupani said.
The high-speed Bullet train is expected to cover 508 km between Mumbai and Ahmedabad in about two hours, running at a maximum speed of 350 kmph and operating speed of 320 kmph. The project is expected to be completed by 2023.
Source : Urbannewsdigest