With plans to boost up tour among Ahmedabad and Mumbai to 320 km/h, work on India's first high-speed bullet educate is transferring forward at an similarly ferocious tempo. Another indication of the significance of the valuable authorities locations at the assignment is the ₹25,000-crore allocation within the period in-between Budget 2024–25, which is the highest in recent memory. The venture is predicted to start a carrier between Ahmedabad (Gandhi Ashram station) and Mumbai (Bandra-Kurla Complex station) in 2026–2027.

Around ₹18,six hundred crore is the predicted budgetary outlay, that's 35% extra than the updated FY24 forecasts. With aid from inner and further-budgetary sources totaling ₹20,592 crore, the finance forecasts for FY24 have been approximately ₹19,600 crore.

The railway ministry, which holds 50% fairness, and the national governments of Gujarat and Maharashtra, which keep 25% every, installed the National High-Speed Rail Corporation Limited (NHSRCL) as a special-purpose car for the task. The NHSRCL had budgetary support of ₹12,000 crore in FY23.

September 2017 noticed the laying of the muse stone for the Mumbai-Ahmedabad excessive-velocity rail assignment by Prime Minister Narendra Modi and Japanese counterpart Shinzo Abe.

Railways Minister Ashwini Vaishnaw introduced on X (formerly Twitter) on January 24 of this 12 months that land acquisition for the bullet education assignment changed into "one hundred% complete," with 127.72 km of girder launching and 274.12 km of pier casting already done.

Cost break-up

• The project's initial cost estimate was ₹1.08 lakh crore.
• About 350 km of the 508 km high-speed rail track would cross through Gujarat and 156 km via Maharashtra.
• NHSRCL declared in November 2023 that the construction of 250 km of piers and 100 km of viaducts was finished.
• Eighty-one percent of the building costs will be covered by NHSRCL and a soft credit from the Japan International Cooperation Agency (JICA).

The project's equity contribution status up till December 2023 indicated permission for ₹20,000 crore, of which ₹10,000 crore came from the railway ministry and ₹5,000 crore from each of the governments of Gujarat and Maharashtra. Maharashtra has only paid ₹6 crore so far, although the Gujarat government and the ministry have both paid their fair amount.

According to a December bullet train project status report obtained by businessline, work in the Maharashtra sector was completed to the tune of 22.03 percent, whilst in Gujarat, it was 47.44 percent. Therefore, the overall completion rate is 39.12%.

The completion of land acquisition in Maharashtra, Gujarat, and Dadra and Nagar Haveli is included in the report. It further states that the SPV is in control of about 81% of the land that has been acquired in Maharashtra.

All eleven of the civil tender packages in Gujarat and Maharashtra have been awarded, according to railway officials.

According to the report, "the Japanese party suggested that phased commission in Gujarat (Vapi-Sabarmati section) in Aug 2027, as an agreed-upon objective between Japan and India, could be considered" during a discussion of the Master Implementation Plan.

In terms of finances, the progress is currently at 44.36%, according to a senior railway official who asked to remain anonymous. Approximately ₹11,400 crore, or so, of the ₹54,000 crore that has been raised thus far has been used as capital during the current fiscal year (FY24). According to the data, spending in December 2023 amounted to ₹1,173 crore.

Political issues with the former Uddhav Thackeray government in Maharashtra, according to Vaishnaw, had previously caused delays in the bullet train project's land acquisition, tendering, contract awarding, and other related processes. He recently stated, "There is significant progress in the segment now."