Mumbai–Ahmedabad high-speed rail corridor: Cost, Status and Completion Date
The Mumbai–Ahmedabad High Speed Rail Corridor ( Mumbai–Ahmedabad HSR ) is an under-construction high-speed rail line, which will connect Mumbai , Maharashtra , the financial hub of India, with Ahmedabad , the largest city in the state of Gujarat . When completed, it will be India's first high-speed rail line , with a design speed of 350 km/h (215 mph) , and the project will include a 353 km-long (219 mi) viaduct, which will be the longest bridge in the world . The line is being developed by the National High Speed Rail Corporation Limited (NHSRCL), a wholly owned subsidiary of Indian Railways , the Ministry of Railways , and the Government of India . The line will use Shinkansen technology from Japan , including rolling stock, signalling and design standards – with technology transfer to support the Make in India programme.
Key facts
| Item | Detail |
|---|---|
| Status | Under construction |
| Built by | NHSRCL |
| Length | 508.18 km (315.77 mi) |
| Completion | 15 August 2027 (Surat to Bilimora); 2029 (Entire line) |
| Location | Maharashtra ; Gujarat ; Dadra and Nagar Haveli and Daman and Diu |
| Cost | The project was estimated to cost ₹1.1 lakh crore (US$16.4 billion in 2017 dollars), including the cost of 24 trainsets, interest during construction, and import duties. |
| Official website | www.nhsrcl.in |
Cost and funding
- The project was estimated to cost ₹1.1 lakh crore (US$16.4 billion in 2017 dollars), including the cost of 24 trainsets, interest during construction, and import duties.
- JICA agreed, in 2017, to fund 81% of the total project cost ₹ 88,087 crore (equivalent to ₹ 1.3 trillion or US$14 billion in 2026) , through a 50-year, 1.5 trillion Japanese yen loan, at an interest rate of 0.1% with a moratorium on repayments up to 15 years, and the remaining cost will be borne by the state government
- The decision to construct an elevated line raised the cost of the project project by an additional ₹ 10,000 crore (US$1.0 billion) .
- Railway Minister, Piyush Goyal, informed the Parliament that ₹ 3,226.8 crore (US$340 million) had been spent on the project as of June 2019.
- The expenditure already incurred rose to ₹ 28,442 crore (US$3.0 billion) by July 2022, even as analysis suggested a 48% cost escalation in the project to ₹ 1.6 lakh crore (US$17 billion) due to the COVID-19 pandemic and land acquisition issues.
Source: Wikipedia article on the project. Wikipedia is written by volunteers and cites official and news sources; check the linked page and the executing agency for the latest figures.