A joint feasibility study for Mumbai-Ahmedabad high speed corridor, co-financed by Indian Railways and Japan International Cooperation Agency (JICA) has been completed in July 2015. The completion cost of 505 km long high speed line is estimated at approximately Rs.98,000 crore.
The Government of Japan has given an assistance package proposal for Mumbai-Ahmedabad high speed corridor involving technical, Operation & maintenance (O&M) and financial assistance to the tune of 81% of project cost met through loan. The interest and other terms have not been finalised. No other country has offered such support for the project.
This information was given by the Minister of State for Railways Shri Manoj Sinha in a written reply to a question in Lok Sabha today.