Construction work on the Mumbai-Ahmedabad high-speed railway corridor is likely to begin next year. Even while the Indian Railways is planning to begin construction work in 2017, some contentious issues involving land acquisition remain.
While the Railways see Bandra-Kurla Complex (BKC) in Mumbai as a good option for the bullet train terminal, the Maharashtra Government has instead suggested Bandra Reclamation and offered a plot for the terminal there. The Mumbai Metropolitan Region Development Authority (MMRDA) has planned the international finance centre on the BKC plot. However, reports suggest that the Railways are not keen on the Bandra Reclamation land. Niti Aayog and the prime minister's office are expected to finalise the matter.
The high speed bullet train is expected to cover 508 km between Mumbai and Ahmedabad in about two hours, running at a maximum speed of 350 kmph and operating speed of 320 kmph. The estimated cost of the project is Rs 97,636 crore, which includes possible cost escalation, interest during construction and import duties. The project will largely be funded by way of loan from Japan. The Railways aim to run the first bullet train in 2023.