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.