Panagariya committee to fast-track bullet train project

Union Government has constituted a committee to fast track the Mumbai-Ahmedabad High-Speed Rail Corridor, meant for connecting two cities with bullet trains. The committee is tasked to interact with the Japanese counterpart for taking further steps in implementation of Mumbai-Ahmedabad High-Speed Rail Corridor.

Arvind Panagariya, vice-chairman of the NITI Aayog, will head the committee. It will also include Railway Board chairman, foreign secretary and secretary (industrial policy) and secretary in the department of expenditure as its member. Mumbai-Ahmedabad High-Speed Rail Corridor: It will be 500km long and will be connecting both trains at the cost of the project will be 98,000 crore rupees.  Japan will invest 78, 000 crore rupees making it largest foreign investment in railway sector of India.