The project involves the development
of the 508.17 km long Mumbai-Ahmedabad HSR corridor in Maharashtra and Gujarat
with an investment of Rs 1,080 billion.
It is being implemented by a special purpose
vehicle (SPV), named National High-Speed Rail Corporation Limited (NHSRCL),
incorporated by the Ministry of Railways (MoR) and the respective state
governments of Maharashtra and Gujarat with an equity stake of 50:25:25
respectively.
The
project is the first corridor to be explored for the railway’s ambitious bullet
train project and also includes a 21 km long sub-sea tunnel.