![]() The project is expected to cost around $17 billion, with the majority of funding coming from a loan from the Japan International Cooperation Agency (JICA).The trains are expected to run at speeds of up to 320 km/hour, reducing travel time between Mumbai and Ahmedabad from the current 7-8 hours to just 2 hours.The proposed bullet train corridor is expected to cover a distance of approximately 508 km, and will include 12 stations along the route.The project is expected to create thousands of jobs and generate economic growth in the region.High speed rail is not merely a transportation project, it is the overall economic growth of any region.Can Sitharaman loosen purse strings to track growth of Highways-Railways? Bullet Train – Know the project details 30.68 per cent of work was completed in Gujarat, 13.37 per cent work has been completed in Maharashtra, report by Ministry of Railways.īudget 2023: All roads lead to FM.Overall physical progress of 24.73 per cent of the work was completed till December 31, 2022.The project was first proposed in 2013, and the Indian government has been working with Japan’s Shinkansen Technology to develop the project.Construction on the project began in 2018 and was expected to be completed by 2023, but it’s been delayed due to various reasons.The Mumbai-Ahmedabad High-Speed Rail (MAHSR) project is now progressing well and it is worth Rs 19,600 crore.In a latest development, senior BJP leader and Rajya Sabha member Sushil Kumar Modi said that India’s bullet train project connecting the cities of Mumbai and Ahmedabad will be completed by August 2026.What is the status of India’s Bullet Train Project? In the 2022-23 budget, the railway ministry had allotted Rs 5,000 crore for the project when the work was largely restricted to Gujarat. Chennai-Nellai Vande Bharat Express set to launch in August – Know speed, distance, route and more
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