The official further said the package is open to Indian and Japanese firms. According to the report, the total cost of the Mumbai-Ahmedabad Bullet Train Corridor project is pegged at an amount of Rs 1.08 lakh crore. As per the shareholding pattern for the high speed rail corridor project, the central government is to pay Rs 10,000 crore to the NHSRCL, while the state governments of Maharashtra and Gujarat are to pay an amount of Rs 5,000 crore each. The remaining amount is to be paid through a loan by Japan at 0.1 per cent interest, the report added.

Earlier this month, financial bids were opened by the National High Speed Rail Corporation Limited for design as well as the construction of approx. 18 kilometres of the viaduct between Anand and Sabarmati including High Speed Rail stations at the cities of Ahmedabad and Sabarmati for the Mumbai Ahmedabad High Speed Rail corridor project under C7 package. The financial bids of four technically qualified bidders were opened and according to the corporation, IRCON – DINESHCHANDRA JV is the lowest bidder. On the upcoming Mumbai-Ahmedabad High Speed Rail Corridor, Bullet Trains will operate at a speed of 320 km per hour, covering a distance of 508 kilometres and a total of 12 stations.

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