Gujarat govt signs Rs 67k cr MoU for Ahmedabad-Mumbai bullet train project

Gujarat govt will bear 25% of total project cost which is estimated at Rs 97,000 cr

The Gujarat government on Thursday signed a memorandum of understanding (MoU) worth Rs 67,000 crore with the National High Speed Rail Corporation Limited (NHSRCL) during the Vibrant Gujarat Global Summit here for component manufacturing for the Ahmedabad-Mumbai bullet train project.

“We have signed a MoU with the Railways today. The authority will manufacture bullet train in the state and this will generate about Rs 67,000 crore business here,” said Gujarat Chief Minister Vijay Rupani.

Gujarat government will bear 25 per cent of the total project cost of bullet train project and will provide land and facilitate implementation of the project.