Update On High Speed Rail Corridors
2018-03-27 Announcements Transportation Services National
Mumbai-Ahmedabad Rail corridor is the only sanctioned High-Speed Rail Project in the country and implemented with the technical and financial assistance from the Government of Japan. The estimated cost of the project is ₹1,08,000 crore. The government of Japan has agreed to provide a soft loan of 81% of the total project cost with 0.1% rate of interest per annum. The time period for repayment of loan is 50 years with 15 years grace period.
Six corridors on Diamond Quadrilateral connecting metropolitan cities and growth centres of the country (Delhi, Mumbai, Chennai & Kolkata) have been identified for feasibility study for high-speed rail connectivity viz : (i) Delhi-Mumbai, (ii) Mumbai-Chennai, (iii) Chennai-Kolkata, (iv) Kolkata-Delhi and both diagonals i.e. (v) Delhi-Chennai and (vi) Mumbai-Kolkata routes. As High-Speed Projects are highly capital and technology-intensive, sanction of these is subject to its technical feasibility, financial viability and availability of resources. This information was made available in reply to a question in Rajya Sabha.