Report due on Mumbai bullet train

The Indian government has announced the value of the proposed Mumbai bullet train PPP and confirmed that an interim report on the deal will be issued within a month.

Railways minister Sadananda Gowda revealed that the project will cost Rs 65,000 Crore ($10.65bn) and will see an update on the plans issued imminently, which will be followed by a full feasibility report in June 2015.

Under the plans, the project will see a PPP deal issued to develop a high-speed corridor between Ahmedabad and Mumbai.

As previously reported by Partnerships Bulletin, Gowda issued a rally call to the private sector back in July to encourage greater private investment in the country’s railway infrastructure.

For more information on the project, click here.