The proposed 766 km high-speed rail corridor between Mumbai and Nagpur is on track as the National High-Speed Rail Corporation Limited (NHSRCL) is preparing a Detailed Project Report (DPR) for the project.
The ambitious project envisages passengers travelling at over 300 km per hour between Mumbai and Nagpur, linking cities like Shahapur, Igatpuri, Nashik, Mehkar, Malegaon, Pulgaon, Wardha and Khapri. Currently, by road, it takes around 12-13 hours to reach Nagpur from Mumbai, and the bullet train is expected to reduce the time to four hours. Once the government sanctions the project, the further procedure will be decided, the official added.
NHSRCL was incorporated in 2016 under the Companies Act, 2013, to finance, construct, maintain and manage the High-Speed Rail Corridors in India. The Company has been modeled as a Special Purpose Vehicle in the joint sector with equity participation by the Central Government through the Ministry of Railways and two State Governments viz. Government of Maharashtra.
