New Delhi (Metro Rail News): In the Lok Sabha during the Budget Session of Parliament, Union Minister for Railways Piyush Goyal said that the railways have acquired 537 hectare of land out of the total 1380 hectare needed for the bullet train project between Mumbai and Ahmedabad.
He stated that “National High-Speed Rail Corporation Limited (NHSRCL), a Special Purpose Vehicle (SPV) has been set up to execute the Project. Land acquisition for the project is under progress and so far, out of total 1380 hectare of land required, 537 hectare has been acquired.”
On September 14, 2017, Prime Ministers Narendra Modi and Shinzo Abe of Japan laid the foundation stone for the ambitious Rs 1.08 lakh crore ($17 billion) high-speed rail project. The Japan International Cooperation Agency (JICA) and the Railway Ministry have signed a MoU, with Japan to partially fund the project.
The design and construction of civil and building works including testing and commissioning of 237 km length of mainline for Mumbai-Ahmedabad High Speed Rail corridor between Zaroli village at Maharashtra-Gujarat border and Vadodara in Gujarat, which is 47% of total length of the project, elevated except one mountain tunnel of about 280 metre, 24 river crossings and 30 road and canal crossings have been floated.
Piyush Goyal also said that out of the total estimated cost of ₹1,08,000 crore, ₹2,860 crore has been used by NHSRCL for undertaking various works on the project till date. The project is targeted for completion in December, 2023 to start bullet train operation.