SPV formed for NHSRCL

Mumbai-Ahmedabad High Speed Rail (MAHSR) Project, with technical and financial assistance of Government of Japan, is progressing satisfactorily, Railway Minister Piyush Goyal has told Rajya Sabha on 29 Nov 2019.

A Special Purpose Vehicle (SPV) namely National High Speed Rail Corporation Limited (NHSRCL) has been formed to implement the project which is targetted for completion by the year 2023.

The cost escalation compared to the cost indicated in Feasibility Study, if any, cannot be ascertained at this stage, as most of the Contract Packages are still to be finalised.

The Ministry has also undertaken feasibility studies on some of the routes of high speed rail connectivity on Diamond Quadrilateral network connecting major metros and growth centres of the country.

The routes are Delhi-Mumbai, Delhi-Kolkata, Mumbai-Chennai, Mumbai-Nagpur and Chennai-Bengaluru-Mysuru.

However, being highly capital intensive, the sanction of any High Speed Rail Project depends on several factors such as technical feasibility, financial viability and availability of financing options, he said.

Meanwhile, the newly elected Chief Minister of Maharashtra, Uddhav Thackeray, has called for review of all on-going development projects in the state including the Mumbai-Ahmedabad train, according to media reports on 2 Dec 2019. fiinews.com