Mumbai (Metro Rail News): The Railway Board has provided a big boost of ₹5,000 crores to the Mumbai-Ahmedabad High-Speed bullet Rail Project through extra-budgetary resources, as per to its pink book released for the financial year 2020-21.
The project has been in the centre of a political storm ever since the Maha Vikas Aghadi came to power in Maharashtra. The revised outlay for the project for 2019-20 has been pegged at ₹1,000 crores, most of which, senior railway officials said, has gone towards land acquisition.
The overall length of the corridor is 508.17 km, with 155.76 km in Maharashtra and 348.04 km in Gujarat. “In Gujarat, most of the land required for the project has been acquired, but in Maharashtra, its only 50% of the required land has been acquired, most of which is govt land,” a senior railway official associated with the rail project said.
In Maharashtra, the rail project has observed stiff resistance in Palghar, where 109.06 km of the corridor has been designed through several tribal villages.
Saying the project a “white elephant”, The Chief Minister Uddhav Thackeray said on Tuesday a decision on moving forward with the Mumbai-The bullet train project will be taken only after he is convinced it will boost the State’s industrial development.
To execute the project the ₹1.08 lakh-crore is being financed with the help of a tied loan from the Japanese International Cooperation Agency, that is financing 80% of the expense, with ₹10,000 crores being borne by the central government and ₹5,000 crores each being provided by the Gujarat and Maharashtra governments.